Turkish steel producer Kardemir has opened its domestic billet sales as per its new price list dated May 12, having previously closed its domestic billet sales on April 5.
Accordingly, Kardemir has opened its sales for S235JR grade billets at the level of TRY 1,500/mt ($419/mt) ex-works, excluding VAT, and has also opened its sales for MT III-A grade billets at TRY 1,518/mt ($424/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 April 5, the producer has increased its billet prices by TRY 5-8/mt on Turkish lira basis, though prices on US dollar basis have moved up only by $12-13/mt due to the fluctuation of the exchange rate.
$1 = TRY 3.58