Today, May 29, Turkish mill Icdas has hiked its rebar price by TRY 40/mt compared to Wednesday, May 20, in order to reflect the increased cost of scrap. Its new price is at TRY 3,290/mt or $409/mt ex-works, up by $4/mt on US dollar basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.81