With its new price list dated February 10, 2009, Turkish steel producer Kardemir has reduced its domestic sales prices for rebars of 12-22 mm diameter.
Accordingly, Kardemir today opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 844.88/mt ($443.40/mt + VAT) ex-works and including 18 percent VAT, up TRY 75.52/mt ($39.63/mt + VAT) for 1,000 mt and above orders, with 25 percent on cash payment basis, with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral. The producer has closed its sales as of the same date following the sale of 25,000-30,000 mt of rebars.