SteelOrbis has been informed that today, August 13, an Iskenderun-based Turkish mill has cut its rebar price in the local currency by TRY 150/mt week on week to TRY 24,000/mt ($596/mt) ex-works, for an extended delivery period, amid the negative sentiment in the import scrap segment. The mill's rebar price has indicated a decrease of $3/mt on US dollar basis. The producer has also kept its wire rod price stable at $600/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 33.56 as the mill itself has not indicated any specific exchange rate.