Turkish mill Icdas decreases local rebar price by $10/mt

Monday, 31 May 2021 14:32:58 (GMT+3)   |   Istanbul
       

Today, May 31, Turkish steel producer Icdas has decreased its local rebar price by TRY 160/mt ($10/mt) compared to the end of last week to TRY 7,420/mt ($740/mt) ex-works. The reason is the negative demand outlook and the downturn in the import scrap segment.

The producer has also issued its wire rod price today at TRY 8,425/mt ex-works, down by TRY 60/mt over the same period. The producer’s wire rod price on US dollar basis has moved sideways at $840/mt ex-works.

Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.

$1 = TRY 8.50


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