Today, May 20, Turkish steel producer Icdas has raised its local rebar and wire rod prices by TRY 20/mt to TRY 7,410/mt ex-works and TRY 8,100/mt ex-works, respectively. The producer has fully offset the effect of the currency fluctuations, with its US dollar prices remaining at $750/mt and $820/mt, respectively, both on ex-works basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.37
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