Turkish mill Kardemir revises downward its rebar sales prices

As per its new price list dated September 11, 2012, Turkish steel producer Kardemir has revised its rebar sales prices downward again, having opened its domestic sales on September 7.
 
Accordingly, Kardemir has revised its domestic sales price for 12-22 mm diameter rebar down to the level of TRY 1,106/mt ($614/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 September 7, the producer has reduced its rebar prices by TRY 17/mt ($9/mt).
 
US$1 = TRY 1.80