Turkish mill Kardemir cuts its billet prices

On the morning of June 13, Kardemir opened its sales for S235JR grade (St37) billets of 130 mm x 130 mm x 6-12 m size at the level of $570/mt ex-works, excluding VAT, and also opened its sales for MT III-A grade billets of the same size at the level of $575/mt ex-works, excluding VAT. Compared to the previous price list, the new billet prices have decreased by $40/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