Today, November 2, Turkey’s Kardemir has decreased its rebar price by TRY 645/mt ($36/mt) to TRY 11,900/mt ($640/mt) ex-works, excluding VAT, compared to its previous price list issued on Thursday, October 20. Kardemir’s rebar price is close to the lower end of the official rebar price range in the Marmara and Izmir regions at $640-665/mt ex-works.
$1 = TRY 18.62