Kardemir revises local billet prices downwards
Turkish steel producer Kardemir decreased its sales prices of commercial quality steel billets for local market to following levels as of May 24, 2004:Grade Price(+VAT) St 37 100x100 mm TL 498'728'814 ($324/mt) St 37 150x150 mm TL 500'000'000 ($325/mt) III-A 100x100 mm TL 495'762'712 ($322/mt) III-A 150x150 mm TL 497'033'898 ($323/mt)US$ 1 = TL 1'538'769