In the morning of today, December 10, Turkish mill Icdas increased its domestic rebar price in the local currency by TRY 40/mt to TRY 5,230/mt ($563/mt) ex-works, while its rebar price on US dollar basis was changed just slightly, against a backdrop of costlier scrap. In the afternoon, the producer hiked its rebar price once again to TRY 5,340/mt ($575/mt) ex-works. Meanwhile, the steelmaker’s wire rod price remained unchanged at TRY 6,050/mt ($651/mt) ex-works in the morning. In the afternoon, however, the producer raised its wire rod prices to TRY 6,175/mt ($665/mt) ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.87