Iskenderun-based Turkish mill revises its rebar prices to offset currency fluctuations

Tuesday, 06 August 2024 14:33:24 (GMT+3)   |   Istanbul

SteelOrbis has been informed that today, August 6, an Iskenderun-based Turkish mill has raised its rebar price in the local currency by TRY 150/mt to TRY 24,150/mt ($599/mt) ex-works, for an extended delivery period, as compared to yesterday, in order to offset currency fluctuations. The mill's rebar price has indicated minor changes 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 33.60 as the mill itself has not indicated any specific exchange rate.


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