Turkish steel producer Kardemir has launched a new sales round for rebar, announcing updated prices in its latest price list.
The company raised its rebar price to TRY 22,625 per ton (USD 556), up from TRY 22,250 per ton (USD 550) in the previous round on July 23, based on an exchange rate of TRY 40.4 to the USD.
According to market sources, Kardemir closed its rebar sales shortly after achieving substantial domestic sales volumes.
Founded in 1937, Kardemir is a major steel player in Turkey with a production capacity of 3.5 mln tons per year. The company produces blooms, billets, rebars, profiles along with other steel products. The company’s production facilities are located in Karabuk.
1 USD / 40.6 TRY
