Turkey’s Kardemir opened its rebar sales at TRY 20,875/mt ($571/mt), excluding VAT, at noon today, March 12. The mill has succeeded in selling around 25,000 mt so far due to its advantageous payment terms, while its price has indicated an increase of TRY 1,000/mt ($23/mt) amid the ongoing currency fluctuations and costlier import scrap, compared to Wednesday, February 19. The mill's rebar sales are still open at the time of publication.
Sources report that the workable rebar prices in Turkey’s Marmara and Izmir regions, including Icdas A.S.’s prices, vary at $570-585/mt ex-works at present.
Kardemir is selling its rebar at yesterday’s Turkish Central Bank-based exchange rate of $1 = TRY 36.57.
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