While the domestic rebar sales of Turkish steel producer Kardemir are still continuing, the steelmaker has revised its rebar sales prices downwards by TRY 19/mt ($9/mt) as of today, May 23, to TRY 1,222/mt ($588/mt) ex-works, excluding VAT. Kardemir had opened its domestic rebar sales on April 18 at the price level of TRY 1,259/mt ($605/mt) ex-works, excluding VAT, subsequently reducing its prices on May 8 to TRY 1,238/mt ($595/mt) ex-works, excluding VAT.
$1 = TRY 2.08