With its new price list dated March 12, 2010, Turkish steel producer Kardemir opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 890/mt ($582/mt + VAT) ex-works and excluding 18 percent VAT - up TRY 25/mt ($16/mt) as compared to the last price announcement made on March 9 - 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 19, after selling approximately 16,000-16,500 mt.
US$1 = TRY 1.529
Please note that the currency exchange rate and the price are for the date when sales were opened.