Today, Wednesday, March 24, Turkish mill Icdas has increased its domestic rebar price in the local currency by TRY 60/mt to TRY 5,850/mt ex-works compared to Monday, March 22, amid ongoing currency fluctuations. The US dollar equivalent of the offer has remained unchanged at $620/mt ex-works. Meanwhile, on the same day the steelmaker has also issued its wire rod price at TRY 6,700/mt ($710/mt) ex-works, up by TRY 75/mt in the local currency over the same period, while stable on US dollar basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.00