Today, October 30, Turkish mill Icdas has increased its domestic rebar price in the local currency by TRY 110/mt to TRY 4,520/mt ex-works, while its wire rod price has risen by TRY 130/mt to TRY 5,300/mt ex-works. However, due to currency fluctuations, on US dollar-basis the rebar price has remained unchanged at $459/mt ex-works, while the wire rod price has risen by $1/mt compared to the previous level on Tuesday, October 27, to $539/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.34