With its new price list dated March 25, 2010, Turkish steel producer Kardemir had opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 1,072 /mt ($693/mt + VAT) ex-works and excluding 18 percent VAT - up TRY 67/mt ($43/mt) as compared to the last price announcement made on March 23 - 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 26 after selling approximately 9,000 mt.
US$1 = TRY 1.547
Please note that the currency exchange rate and the price are for the date when sales were opened.