On the morning of November 1,
Kardemir opened its sales for S235JR grade (St37) billets of 130 mm x 130 mm x 6-12 m size at the level of $602/mt ex-works, excluding VAT, and also opened its sales for MT III-A grade billets of the same size at the level of $607/mt ex-works, excluding VAT. Compared to the previous price list, the new
billet prices have increased by $17/mt.
According to its new sales terms,
Kardemir will sell steel
billet with 50 percent to be paid immediately in cash and with 50 percent to be paid in the form of a 45-day post-dated certified check or a company check with warranty letter, with no added interest.