Turkish steel producer
Kardemir has opened its domestic
billet sales as per its new price list dated February 15, having previously closed its domestic
billet sales on January 6.
Accordingly,
Kardemir has opened its sales for S235JR grade billets at the level of TRY 1,430/mt ($392/mt) ex-works, excluding VAT, and has also opened its sales for MT III-A grade billets at TRY 1,445/mt ($396/mt) ex-works, excluding VAT, with 25 percent on cash payment basis and with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral. Compared to the price list issued on January 6, the producer has decreased its
billet prices by TRY 21/mt on Turkish lira basis, though prices on US dollar basis have moved down only by $8-9/mt due to the fluctuation of the exchange rate.
$1 = TRY 3.65