Erdemir announces price reduction
Turkish integrated steel producer Erdemir announced price reductions for all of its hot rolled and cold rolled products, plates and galvanized sheets. The price reduction is $50/mt for plates and hot rolled and cold rolled products, while the reduction is $60/mt for galvanized sheets. Moreover, the 3% discount for at sight prices has been increased to 5%, while 0% interest for 91-day deferred payment prices remains in effect. The new base prices are as follows:Product Base Price HR coil $565/mt HR sheet $565/mt HR plate $595/mt CR sheet $655/mt Galvanized $675/mt Tin coil $860/mt Tin sheet $880/mt