Today, December 2, Turkish mill Icdas has decreased its domestic rebar price by TRY 50/mt to TRY 4,950/mt ($537/mt) ex-works, while its rebar price on US dollar basis has inched up by $1/mt, amid currency fluctuations. Meanwhile, the steelmaker’s wire rod price price has remained unchanged at TRY 5,690/mt ($610/mt) ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.91