Today, October 7, Turkish mill Icdas has increased its domestic rebar price by TRY 70/mt compared to Monday, October 5, to TRY 4,220/mt ex-works, aiming to offset currency fluctuations. At the same time, the producer’s price on US dollar basis has increased by $4/mt to $457/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.83