Turkish mill Icdas has further decreased its domestic 12-32 mm rebar offers by another TRY 60/mt to TRY 3,060/mt ex-works amid the negative sentiment in the market and currency fluctuations. At the same time, the company’s rebar offers on US dollar basis have dropped by $10/mt to $403/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.43