With its new price list dated March 2, 2010, Turkish steel producer Kardemir opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 801 /mt ($520/mt + VAT) ex-works and excluding 18 percent VAT - up TRY 46/mt ($30/mt) as compared to the last price announcement made on February 26 - 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 rebar sales as of today, March 2, after selling approximately 20,000-21,000 mt.
US$1 = TRY 1.540