Earlier today, January 11, Turkey’s Kardemir hiked its rebar price by TRY 200/mt ($10/mt) to TRY 13,275/mt ($707/mt) ex-works, excluding VAT, compared to its previous price list issued on Thursday January 5, while it closed its rebar sales after a couple of hours. Kardemir’s rebar price was below the lower end of the workable rebar price range in the Marmara and Izmir regions, which varied at $720-730/mt ex-works yesterday. The mill succeeded in selling around 25,850 mt, SteelOrbis has heard.
$1 = TRY 18.78
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