Today, May 24, Turkish steel producer Icdas has increased its wire rod prices by TRY 120/mt ($10/mt) to TRY 8,330/mt ($840/mt) ex-works amid the positive sentiment in the import scrap segment, currency fluctuations, and stronger demand compared to the demand for rebar.
The producer has also increased its rebar price by TRY 10/mt to TRY 7,430/mt ex-works, while its price has remained unchanged on US dollar basis at $750/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.40