Turkish integrated long steel producer Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş. (Kardemir) has announced that it has decided to sell its products in US dollar basis only.
According to the company’s statement, if the payment will be made in cash, there will be a 0.6 percent discount. With a 25 percent initial cash payment, the remaining will be paid in three equal installations with payment deferrals up to 30 days, 60 days and 90 days.