SteelOrbis has been informed that today, May 21, an Iskenderun-based Turkish mill has increased its rebar price by TRY 150/mt ($6/mt) to TRY 23,850/mt ($618/mt) ex-works, as compared to Friday, May 17, against the backdrop of the ongoing currency fluctuations and limited supply. In addition, the mill has kept its wire rod price unchanged at $610/mt ex-works today. The exchange rate is taken as $1 = TRY 32.18 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.18