Today, May 31, Turkey’s Kardemir announced its new rebar sales, closing them after a couple of hours. The mill has succeeded in selling around 39,650 mt of rebar.
The supplier opened its rebar sales today at TRY 12,100/mt ($738/mt) ex-works, excluding VAT. The rebar prices indicate a decrease of TRY 50/mt ($52/mt) compared to its previous list dated Thursday, May 12. The exchange rate had been at $1 = TRY 15.37 on May 12. The main reasons for the decrease were the negative sentiment in the import scrap segment, and rapid currency fluctuations. As a result, the supplier’s rebar price is considered to be aggressive and its advantageous payment terms support their rebar sales, given that the workable price range was at $750-760/mt ex-works in the Marmara and Izmir regions yesterday.
$1 = TRY 16.385
.jpeg)