Today, December 3, Turkish mill Icdas has raised its domestic rebar price by TRY 50/mt to TRY 5,000/mt ($540/mt) ex-works, while its rebar price on US dollar basis has increased by $3/mt, amid currency fluctuations. Meanwhile, the steelmaker’s wire rod price price has also increased, rising by TRY 90/mt ($15/mt) to TRY 5,780/mt ($625/mt) ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.84