Turkish integrated long steel producer Kardemir has opened its 150 mm x 150 mm billet sales in the local market as of today, March 11. The supplier has cut its billet offers by TRY 110/mt ($12-13/mt) compared to last week to TRY 2,440/mt ($398/mt) ex-works for S235JR grade, while its III-A grade billet is available at TRY 2,470/mt ($403/mt) ex-works. No fresh sale has been heard yet. Kardemir's new billet price turns out to be workable in the local market, as the producer sold approximately 35,500 mt.
Prices exclude 18 percent VAT.
$1 = TRY 6.13
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