Today, September 23, Turkish mill Icdas has hiked its domestic rebar price by another TRY 20/mt to TRY 4,190/mt ex-works to offset currency fluctuations. The producer’s price on US dollar basis has increased by $1/mt to $462/mt ex-works on the same day.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.69