Turkish mill Kardemir’s rebar and billet prices

As per its new price list dated March 24, Turkish steel producer Kardemir has opened its domestic rebar sales. Accordingly, Kardemir has opened its domestic sales for rebar at the level of TRY 1,148/mt ($450/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 March 12, the producer's rebar prices have decreased by TRY 26/mt, though prices on US dollar basis have decreased by just $2/mt due to the fluctuation of the exchange rate.
 
On the same date, Turkish steel producer Kardemir also opened its billet sales. Accordingly, Kardemir has opened its sales for S235JR grade billets at the level of $380/mt ex-works, excluding VAT, and has also opened its sales for MT III-A grade billets at $385/mt ex-works, excluding VAT, with 50 percent on cash payment basis, with 50 percent on 45-day deferred payment basis, and with no interest accruing due to payment deferral. Compared to the price list issued on February 18, the producer has increased its billet prices by $10/mt.
 
$1 = TRY 2.55