As per its new price list dated March 23, 2010, Turkish steel producer Kardemir has opened its domestic sales for rebar.
Accordingly, Kardemir has opened its domestic sales for 12-22 mm diameter rebar at the level of TRY 1,005/mt ($652/mt) ex-works, excluding VAT, for 1,000 mt and above orders, with 25 percent on cash payment basis, with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral. Compared to the previous price list, the producer's rebar prices have increased by TRY 115/mt ($75/mt).
The producer has closed its rebar sales as of today, March 23, after selling approximately 16,000 mt.
US$1 = TRY 1.541