SteelOrbis has been informed that today, July 4, an Iskenderun-based Turkish mill has cut its rebar price in the local currency by TRY 200/mt, while raising its price on US dollar basis by $1/mt, to TRY 23,800/mt ($609/mt) ex-works for an extended delivery period, as compared to Monday, June 24, amid the ongoing currency fluctuations. In addition, the mill has also kept its wire rod price for extended delivery periods stable at $610/mt ex-works today. The exchange rate is taken as $1 = TRY 32.55 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.55