Today, March 24, Turkish mill Icdas has decreased its domestic rebar offers by another TRY 40/mt in the local currency to TRY 3,160/mt ex-works to offset currency fluctuations. At the same time, Turkey’s Icdas 12-32 mm rebar price on US dollar basis has declined by just $1/mt to $410/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.53