With its new price list dated April 1, 2010, Turkish steel producer Kardemir has increased its domestic sales prices for rebar.
Accordingly, Kardemir today opened its domestic sales for 12-22 mm diameter rebar at the price level of TRY 1,093/mt ($719/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 increased by TRY 21/mt ($14/mt).
US$1 = TRY 1.520