Today, February 23, Turkish mill Icdas has increased its domestic rebar price in the local currency by TRY 30/mt to TRY 5,230/mt ex-works due to currency fluctuations. The US dollar equivalent of the offer has risen by $1/mt to $631/mt ex-works. Meanwhile, the steelmaker has also issued its wire rod price at TRY 5,940/mt ($717/mt) ex-works, up by TRY 30/mt ($2/mt).
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.02