Turkey’s Kardemir has sold a sizeable volume of rebar in its new round of sales, announced today, February 17. Its new rebar offer has been set at TRY 4,225/mt ($599/mt) ex-works. As usual, the offer is valid for 500 mt and above orders, for cash payment, with a 25 percent initial cash payment and payment deferral for up to 90 days, with an additional 1.5 percent to be paid for each month of deferred payment.
The producer’s rebar price is close to the lower end of the other producers’ rebar prices, $610-625/mt ex-works in Marmara and Izmir regions.
According to sources, the company has sold 52,000 mt of rebar and closed the trade.
Prices exclude 18 percent VAT.
$1 = TRY 7.055