SteelOrbis has been informed that, today, April 29, an Iskenderun-based Turkish mill has cut its rebar price by TRY 250/mt ($3/mt) to TRY 24,000/mt ($618/mt) ex-works, amid the ongoing currency fluctuations and sluggish demand, as compared to Wednesday, April 17. In addition, the mill has kept its wire rod price at $615/mt ex-works today. The exchange rate is taken as $1 = TRY 32.38 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.38