Today, December 14, Turkish mill Icdas has risen its domestic rebar price in the local currency by TRY 230/mt to TRY 5,570/mt ($600/mt) ex-works compared to Thursday December 10, while its rebar price on US dollar basis is up by $25/mt, amid stronger scrap prices. Meanwhile, the steelmaker’s wire rod price has also increased by TRY 275/mt ($30/mt) to TRY 6,450 /mt ($695/mt) ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.87