Turkish steel producer Kardemir has again revised its domestic rebar sales prices as of today, November 5. The producer had opened its domestic rebar sales on October 14 and subsequently revised its prices on October 24.
Accordingly, the producer's domestic sales prices for rebar are now at the level of TRY 1,161/mt ($521/mt) ex-works, excluding 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. Compared to the list prices as revised on October 24, the producer's rebar prices have decreased by TRY 55/mt ($25/mt).
$1 = TRY 2.23