Today, February 10, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 80/mt to TRY 4,960/mt ex-works as scrap prices have started to rebound in the most recent deals, while the US dollar equivalent of the offer price has risen by $10/mt compared to Monday, February 8, to $595/mt ex-works. Meanwhile, the steelmaker has also issued its wire rod price at TRY 5,720/mt ($687/mt) ex-works, with a TRY 50/mt ($7/mt) increase over the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.06