Turkey’s Kardemir, has issued its rebar price at TRY 20,415/mt ($591/mt), excluding VAT, earlier today, November 20. The price indicates a decrease of TRY 505/mt ($19/mt) compared to Wednesday, November 6. Sources report that the mill has so far succeeded in selling around 11,000 mt of rebar due to its advantageous payment terms. Its rebar sales are still open
Most mills in the Marmara and Izmir regions are offering rebar at $590-595/mt ex-works following Kardemir's rebar price announcement today.
Kardemir is selling its rebar at yesterday’s Turkish Central Bank-based exchange rate of $1 = TRY 34.57.