Kardemir reduces billet prices

According to the price list dated October 31, 2006, Turkish mill Kardemir has reduced its local sales price for St 37 grade steel billets of 100 x 100 mm size by $21/mt to $435/mt+VAT. Meanwhile, Kardemir's price of 150 x 150 mm material has been reduced by $21/mt to $432/mt+VAT. Billet sales, however, are currently closed. The producer's debar prices have also fallen, while its basic pig iron prices rose. The metallurgical coke price has remained unchanged.