Turkish mill Kardemir increases its domestic rebar sales price slightly

Tuesday, 08 October 2019 10:43:00 (GMT+3)   |   Istanbul

Turkish steel producer Kardemir has revised its domestic rebar sales price today, October 8.

Accordingly, Kardemir has increased its domestic sales price for rebar to the level of TRY 2,365/mt ($407/mt) ex-works, excluding VAT, for 500 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. The producer has announced a TRY 30 + 18 percent VAT discount on the price at TRY 2,365/mt ($407/mt) ex-works for sales consisting of 500 mt of rebar and higher for cash payment.

Compared to the price list issued on October 3, the producer's rebar prices have increased by TRY 27/mt, while its prices on US dollar basis have moved up by $5/mt due to the fluctuation of the exchange rate.

$1 = TRY 5.81

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