Today, November 30, Turkish mill Icdas has increased its domestic rebar price by TRY 20/mt to TRY 4,880/mt ($530/mt) ex-works, while its rebar price on US dollar basis has risen by $4/mt, as compared to Friday, November 27, amid currency fluctuations and the positive sentiment in the import scrap segment. Meanwhile, the steelmaker’s wire rod price price in dollars has also risen by $2/mt to TRY 5,640/mt ($612/mt) ex-works, over the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.81