SteelOrbis has been informed that today, November 26, an Iskenderun-based Turkish mill has decreased its rebar price by TRY 500/mt ($15/mt) to TRY 24,500/mt ($589/mt) ex-works, as compared to Wednesday, November 20, for an extended delivery period. In addition, the producer has decreased its wire rod price by $10/mt to $610/mt ex-works, also for an extended delivery period. The main reasons are the ongoing currency fluctuations, weaker import scrap prices and sluggish demand. The exchange rate is taken as $1 = TRY 34.65 as the mill itself has not indicated any specific exchange rate.