Today, January 8, Turkish mill Icdas has issued its longs prices in US dollars basis due to currency fluctuations, after closing its rebar price at TRY 5,560/mt ($641/mt) ex-works late yesterday afternoon. The producer is currently offering rebar at $645/mt ex-works. Meanwhile, the steelmaker has also set its wire rod price at $745/mt ex-works with the current exchange rate.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.35