Today, November 2, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 40/mt to TRY 4,560/mt ex-works, while its wire rod price has increased by TRY 60/mt to TRY 5,360/mt ex-works. However, due to currency fluctuations, on US dollar-basis, the rebar price has only risen by $1/mt to $460/mt ex-works, while the wire rod price has risen by $2/mt compared to Friday, October 30, to $541/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.40