Erdemir announces price hike for local sales

Turkish integrated steel producer Erdemir announced a price increase of $15-35/mt for all of its products, including hot rolled products, cold rolled products, galvanized sheets, and plates, except for tin sheet/coil. The new base prices effective for local sales as of June 10, 2006 are as follows:

 
Product          Base Price          Extras 
HR coil           $630/mt      $15/mt (2.00 mm x 1000 mm x C)    
HR sheet          $630/mt      $25/mt (2.00 mm x 1000 mm x S)
HR plate          $670/mt                
CR coil           $700/mt      $40/mt (0.50 mm x 1000 mm x C)
CR sheet          $700/mt      $60/mt (0.50 mm x 1000 mm x S)    
Galvanized        $785/mt      $240/mt(275 g/sqm coated–0.50 x 1000 mm)
Tin coil          $860/mt                  
Tin sheet         $885/mt