Free-cutting steel price in local market
Cold drawn 9SMnPb28 grade free-cutting steel in Bursa region in
Turkey is offered at TL 1'250'000'000/mt+VAT (around €671/mt+VAT) for at sight and TL 1'350'000'000/mt+VAT (around €725/mt+VAT) for 30 days payment.
The price gap between cash and deferred sales derives from strengthening of Euro against Turkish Liras that increases risk of deferred sales.
€ 1 = TL 1'863'007