Turkish steelmaker Kardemir has opened its local billet sales today, Wednesday, November 24. The producer has announced its offers at a rather high price as compared to the situation in the international market, and so buyers’ interest has been largely insufficient.
Kardemir is offering at $688/mt ex-works for S235JR grade, while S420-B420 grade billet is available at $693/mt ex-works. According to sources, the producer has succeeded in selling around 21,000 mt for now and is still open for sales.
The situation in the import segment has been negative as buyers fear the consequences of currency fluctuations and voice their price ideas at as low as $620-630/mt CFR, versus up to $655-665/mt CFR in rare offers.
Prices exclude 18 percent VAT.
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