Turkey's Kardemir opened its rebar sales at TRY 22,475/mt ($544/mt), excluding VAT, earlier today, September 17, while it closed them after less than an hour. Sources report that the mill succeeded in selling around 16,500 mt given its advantageous payment terms. The price indicated a TRY 20/mt increase, while falling by $3/mt on US dollar basis, compared to its previous price list dated Wednesday, August 27.
Kardemir was selling its rebar at yesterday’s Turkish Central Bank-based exchange rate of $1 = TRY 41.30.
Sources report that the workable rebar prices in Turkey’s Marmara and Izmir regions, including Icdas A.S.’s prices, currently vary at $530-545/mt ex-works.
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