Turkish steel producer Kardemir has opened its domestic rebar sales as per its new price list dated May 12, having previously closed its domestic rebar sales on May 9. Accordingly, Kardemir has opened its domestic sales for rebar at the level of TRY 1,712/mt ($478/mt) ex-works, excluding 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 price list issued on May 9, the producer's rebar prices have increased by TRY 64/mt, while prices on US dollar basis have moved up by $20/mt due to the fluctuation of the exchange rate.
$1 = TRY 3.58