Kardemir hikes debar prices

According to the price list dated February 23, 2006, Turkish steel producer Kardemir increased its local price for 12-22 mm dia deformed reinforcing bar by TRY 5/mt to TRY 657/mt including VAT (approx. $420/mt+VAT). In line with the new price list, Kardemir retains its local prices for metalurgical coke, basic pig iron and billets. However, billet sales of the mill are currently closed.