Turkish integrated steel mill Kardemir has revised its domestic rebar sales prices upwards on December 24, with its prices at the lower end of the general market range.
The producer’s price have increased by TRY 159 ($20/mt) since early this month to TRY 2,683/mt ($452/mt) ex-works excluding 18 percent VAT. The offer is valid 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.
In the Marmara region, Icdas has kept its 12-32 mm domestic rebar prices at TRY 2,703/mt ($455/mt) ex-works, though its prices on dollar basis have decreased by $1/mt due to the fluctuation of the exchange rate. Meanwhile, offers from Izmir Demir Celik for 12-32 mm rebar remain at TRY 2,712/mt ($457/mt) ex-works. As a result, Kardemir rebar sales price is slightly lower than the prices issued by the other mills on December 23. No rebar sale has been disclosed by Kardemir yet at its new price level.
$1 = TRY 5.94
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