Today, November 17, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 150/mt to TRY 4,570/mt ($500/mt) ex-works, while its dollar-based rebar quotations have remained stable as compared to yesterday. Meanwhile, the steelmaker’s wire rod price prices have moved up by TRY 60/mt or $1/mt and are currently at TRY 5,250/mt ($575/mt) ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.74