Turkey-based Kardemir temporarily suspends rebar sales

Wednesday, 17 December 2014 11:14:13 (GMT+3)   |   Istanbul
       

Turkish steel producer Kardemir, which had opened its rebar sales on December 15 at the level of TRY 1,186/mt ($503/mt) ex-works, excluding VAT, has announced that no further orders will be accepted at this price level until a new announcement is made. The loss of strength of the Turkish lira against the US dollar is believed to be the reason for the producer's decision.
 
$1 = TRY 2.36

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