Turkey’s Kardemir revised its rebar price to TRY 19,455/mt ($604/mt), excluding VAT, earlier today, May 22. Its new rebar price indicates an decrease of TRY 210/mt ($6/mt) as compared to Wednesday, May 15, against the backdrop of ongoing currency fluctuations and sluggish demand. Around approximately 10,000 mt of rebar has been traded so far given the advantageous payment terms, SteelOrbis has heard.
According to sources, the workable rebar prices in the Marmara and Izmir regions vary at $585-600/mt ex-works.
Kardemir sold its rebar at yesterday’s Turkish Central Bank-based exchange rate of $1 = TRY 32.21.
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