Today, March 22, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 280/mt to TRY 5,790/mt ex-works compared to last Friday, due to currency fluctuations. The US dollar equivalent of the offer has decreased by $20/mt to $620/mt ex-works. Meanwhile, on the same day the steelmaker has also issued its wire rod price at TRY 6,625/mt ($710/mt) ex-works, up by TRY 425/mt in the local currency over the same period, while down by $10/mt in US dollars.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.91