Turkish steelmaker Kardemir closed its local billet sales late in the afternoon yesterday, January 26, after selling 43,000 mt in total.
At yesterday’s exchange rate ($1 = TRY 7.42), Kardemir had set its billet offer prices at TRY 4,330/mt ($584/mt) ex-works for S235JR grade, while its S420-B420 (formerly III-A) grade billet was available at TRY 4,365/mt ($588/mt) ex-works. Prices exclude 18 percent VAT.