Today, December 9, Turkey’s Kardemir, opened its rebar sales and then closed them after selling around 40,000 mt.
The company opened its rebar sales at TRY 9,640/mt ($702/mt) ex-works, excluding VAT today, cutting its rebar price by TRY 230/mt ($19/mt) compared to its previous list price dated Tuesday, December 7.
Kardemir succeeded in selling a decent volume due to its aggressive pricing policy, and also due to its advantageous payment terms.
$1 = TRY 13,73