Today, February 17, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 30/mt to TRY 5,070/mt ex-works to offset currency fluctuations. The US dollar equivalent of the offer has remained unchanged at $610/mt ex-works compared to Monday, February 15. Meanwhile, the steelmaker has also issued its wire rod price at TRY 5,900/mt ($710/mt) ex-works, up by TRY 30/mt and down by only $1/mt over the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.04