With its new price list dated March 4, 2010, Turkish steel producer Kardemir opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 830 /mt ($536/mt + VAT) ex-works and excluding 18 percent VAT - up TRY 29/mt ($19/mt) as compared to the last price announcement made on March 2 - 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 5, after selling approximately 14,500 mt.
US$1 = TRY 1.548