SteelOrbis has been informed that today, July 23, an Iskenderun-based Turkish mill has cut its rebar price in the local currency by TRY 400/mt ($11/mt) to TRY 24,000/mt ($608/mt) ex-works, for an extended delivery period, as compared to Thursday, July 11, against the backdrop of the ongoing currency fluctuations and sluggish demand. The mill has also kept its wire rod price stable at $620/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 32.92 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.92