SteelOrbis has been informed that today, July 11, an Iskenderun-based Turkish mill has increased its rebar price in the local currency by another TRY 400/mt, while raising its price on US dollar basis by $9/mt, to TRY 24,400/mt ($619/mt) ex-works, for an extended delivery period, as compared to Tuesday, July 9, amid the ongoing currency fluctuations and the positive sentiment in the import scrap segment. 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 32.87 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.87