Today, October 2, Turkish mill Icdas has hiked its domestic rebar price by TRY 60/mt to TRY 4,240/mt ex-works, to offset currency fluctuations. At the same time, the producer’s price on US dollar basis has risen by $4/mt to $463/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.76