Earlier today, February 2, Turkey’s Kardemir increased its rebar price by TRY 115/mt ($4/mt) to TRY 13,390/mt ($711/mt) ex-works, excluding VAT, compared to its previous price list issued on Wednesday January 11. It has since closed its rebar sales after a couple of hours. Kardemir’s rebar price was close to the lower end of the workable rebar price range in the Marmara and Izmir regions, which varied at $710-730/mt ex-works yesterday. The mill succeeded in selling 42,300 mt, SteelOrbis has heard.
$1 = TRY 18.82
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