SteelOrbis has been informed that, today, March 12, an Iskenderun-based Turkish mill has raised its rebar price by TRY 150/mt ($3/mt) to TRY 24,150/mt ($628/mt) ex-works, against the backdrop of the ongoing currency fluctuations. 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 32,05 as the mill itself has not indicated any specific exchange rate.
The mill had hiked its rebar price by TRY 150/mt ($4/mt) to TRY 24,000/mt ($625/mt) ex-works yesterday as compared to Wednesday, March 6.
$1 = TRY 32.05