Turkish mill Kardemir reduces its rebar prices

As per its new price list dated September 7, 2012, Turkish steel producer Kardemir has opened its domestic rebar sales.
 
Accordingly, Kardemir has opened its domestic sales for 12-22 mm diameter rebar at the level of TRY 1,123/mt ($620/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 August 9, the producer has reduced its rebar prices by TRY 34/mt ($19/mt).
 
US$1 = TRY 1.81