Turkish long steelmaker Kardemir has reduced its prices of rebar and billet for the domestic market ahead of the upcoming slowdown in market activity around the Eid al-Adha holiday, Kallanish notes.

The integrated steelmaker is offering its 12-32mm diameter rebar and 12-22mm round bar at TRY 1,165/tonne ($394/t) and TRY 1,182/t respectively as from 2 September, down by TRY 13/t over the previous price list. On 18 August Kardemir opened its sales book with an TRY 8/t increase in prices to TRY 1,178/t and TRY 1,195/t respectively.

Kardemir has also reduced its billet and bloom prices each by $10/t to $330-345/t and $448/t respectively.

Prices of profiles have been cut to €345-415/t ($385-463) from €350-460/t previously, and equal angles prices have been lowered by €5/t to €380-465/t.

Kardemir's prices are all ex-works and exclude VAT.

Turkish deep-sea scrap import bookings have slowed again after a host of bookings were made in the week beginning 22 August. Only one scrap booking was heard last week from Canada with an indicative price of $227/t cfr Turkey for HMS 80:20 1&2.

Turkish mills' rebar export quotes have declined by $5/t to $375-380/t fob in the past week on a lack of demand.