Turkish steel producer
Kardemir has opened its domestic
rebar sales as per its new price list dated January 17, having previously closed its domestic
rebar sales on January 10. Accordingly,
Kardemir has opened its domestic sales for
rebar at the level of TRY 1,610/mt ($426/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 price list issued on January 6, the producer's
rebar prices have increased by TRY 42/mt, though prices on US dollar basis have declined by $7/mt due to the fluctuation of the exchange rate.
$1 = TRY 3.78