Today, August 10, Turkish mill Icdas has hiked its domestic rebar price by TRY 200/mt to TRY 3,900/mt ex-works in order to offset the sharp devaluation of the lira. The supplier’s offer price in the US dollar has remained unchanged at $450/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.34