Turkish steel producer Kardemir has announced its domestic rebar sales as per its new price list dated today, October 3.
Accordingly, Kardemir has revised its domestic sales for rebar to the level of TRY 2,338/mt ($412/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 18, the producer's rebar prices have decreased by TRY 52/mt and prices on US dollar basis have moved down by $8/mt due to the fluctuation of the exchange rate.
$1 = TRY 5.68