Today, June 15, Turkey’s Kardemir opened its billet sales and closed them within a couple of hours, after selling around 60,000 mt, SteelOrbis has learned.
Kardemir had set its billet offer prices at TRY 5,845/mt ($684/mt) ex-works for S235JR grade, while its S420-B420 grade billet was available at TRY 5,890/mt ($690/mt) ex-works. “It looks like they again made a gesture to their buyers, because it seems that other mills in Turkey are testing a minimum of $700/mt ex-works today,” a trader said.
Prices exclude 18 percent VAT.
$1 = TRY 8.54