Today, October 22, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 80/mt to TRY 4,280/mt ex-works, aiming to offset currency fluctuations. At the same time, the producer’s price on US dollar basis has risen by $9/mt and is currently at $456/mt, compared to $447/mt ex-works earlier this morning.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.96