Today, October 14, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 20/mt to TRY 4,220/mt ex-works compared to Monday October 12, aiming to offset currency fluctuations. At the same time, the producer’s price on US dollar basis has remained unchanged at $450/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.95