Today, September 22, Turkish mill Icdas has hiked its domestic rebar price by TRY 40/mt to TRY 4,170/mt ex-works to offset currency fluctuations. The producer’s price on US dollar basis has remained unchanged at $461/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.66