Today, February 24, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 70/mt to TRY 5,300/mt ex-works due to currency fluctuations. The US dollar equivalent of the offer has remained unchanged at $631/mt ex-works. Meanwhile, the steelmaker has also issued its wire rod price at TRY 6,020/mt ($717/mt) ex-works, up by TRY 80/mt in the local currency but stable on US dollar basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.12