With its new price list dated January 12, 2010, Turkish steel producer Kardemir has increased 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 776/mt ($533/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. Kardemir's rebar prices were at the level of TRY 746/mt ($489/mt + VAT) ex-works, excluding 18 percent VAT, in its price list dated December 22.
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 $472/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 $475/mt ex-works, excluding VAT. According to previous price list, the billet prices have risen by $40/mt. The producer has closed its billet sales as of the same date after selling approximately 40,000 mt.
US$1 = TRY 1.45513