Turkish steel producer Kardemir has closed its rebar sales as of today, February 16, after selling approximately 12,000-13,000 mt.
As SteelOrbis previously reported, as per its new price list dated also on February 16, Kardemir had opened its domestic sales for rebar, decreasing its prices by TRY 94/mt to TRY 1,059/mt ($664/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.
US$1 = TRY 1.596