SteelOrbis has been informed that, today, March 6, an Iskenderun-based Turkish mill has raised its rebar price by TRY 150/mt, while its dollar-based prices has declined by $7/mt, compared to Wednesday, February 28, to TRY 23,650/mt ($621/mt) ex-works, amid the ongoing currency fluctuations and the negative sentiment in the import scrap segment. In addition, the mill has kept its wire rod price stable at $630/mt ex-works today. The exchange rate is taken as $1 = TRY 31,73 as the mill itself has not indicated any specific exchange rate.
Currently, most mills in the Marmara and Izmir regions are offering official rebar prices at $600-615/mt ex-works.
$1 = TRY 31.73