With its new price list dated May 13, 2010, Turkish steel producer Kardemir has decreased its domestic sales prices for rebar and billet.
Accordingly, Kardemir today opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 895/mt ($590/mt + VAT) ex-works and excluding 18 percent 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 decreased by TRY 198/mt ($131/mt).
Meanwhile, Kardemir has opened its sales for S235JR grade (St 37) billets of 130 mm x 130 mm x 6-12 m size at the level of $547/mt ex-works, excluding VAT, and has also opened its sales for MT III-A grade billets of the same size at the level of $550/mt ex-works, excluding VAT. Compared to the previous price list, the new billet prices have decreased by $95/mt.
US$1 = TRY 1.516