Today, October 8, Turkish mill Icdas has hiked its domestic rebar price in the local currency by TRY 20/mt to TRY 4,240/mt ex-works, aiming to offset currency fluctuations. At the same time, the producer’s price on US dollar basis has dropped by $4/mt to $453/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.94