In the morning of today, December 21, Turkey’s Kardemir cut its rebar price by TRY 425/mt ($24/mt) to TRY 12,100/mt ($648/mt) ex-works, excluding VAT, compared to its previous price list issued on Thursday, December 8, and closed its rebar sales after a couple of hours. Kardemir’s rebar price was close to the lower end of the rebar price range which varied at $645-665/mt ex-works in the Marmara and Izmir regions yesterday. The supplier succeeded in selling around 36,000 mt, SteelOrbis has heard.
$1 = TRY 18.67
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