Turkey’s Kardemir opened its rebar sales at TRY 19,460/mt ($546/mt), excluding VAT, earlier today, January 23, closing them after just a couple of hours, having sold around 40,000 mt due to its advantageous payment terms. The producer’s price indicated a decrease of TRY 250/mt ($9/mt) compared to Thursday, January 16.
Sources report that the workable rebar prices in Turkey’s Marmara and Izmir regions, including Icdas A.S.’s prices, vary at $550-555/mt ex-works.
Kardemir was selling its rebar at yesterday’s Turkish Central Bank-based exchange rate of $1 = TRY 35.65.