Turkish integrated steel mill Kardemir has closed its domestic rebar sales in the afternoon today, November 25. The producer achieved sales of approximately 39,350 mt at TRY 4,160/mt ($520/mt) ex-works. Kardemir’s rebar price is closer to the higher end of the range of producers’ rebar prices which were at $511-520/mt ex-works in the Marmara region yesterday. In addition,12 mm rebar spot prices were available yesterday in Turkey within the range of $504-509/mt ex-warehouse, depending on the region of the country. Local buyers believe that market activity will increase due to short-term restocking amid advantageous payment terms.
Prices exclude 18 percent VAT.
$1 = TRY 8.00
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