Turkish producer Kardemir opened its local billet sales and closed them after a couple of hours, today, January 6. The supplier announced offer prices in line with buyers’ expectations, and, given buyers’ needs to replenish stocks and the lack of domestic billet availability, Kardemir succeeded in selling around 60,000 mt, according to market information.
Kardemir’s price was at $655/mt ex-works for S235JR grade, while its S420-B420 grade billet was available at $660/mt ex-works. These levels are more or less in line with the latest deals closed in the Iskenderun region last week.
Prices exclude 18 percent VAT.