Earlier today, March 31, Turkey’s Kardemir opened its billet sales and later closed them within a couple of hours after selling around 70,000 mt, sources report.
Accordingly, Kardemir set its billet offer prices at TRY 4,895/mt ($585/mt) ex-works for S235JR grade, while its S420-B420 grade billet was available at TRY 4,920/mt ($588/mt) ex-works. The above prices are TRY 900-910/mt ($18-20/mt) higher than the levels previously announced by the company on February 17.
Prices exclude 18 percent VAT.
$1 = TRY 8.37