According to Turkish steel producer Kardemir’s announcement today, July 23, its sales for 150 mm x 150 mm S235JR grade billets are at the level of TRY 2,440/mt ($429/mt) ex-works, excluding VAT, and its sales for MT III-A grade billets are at TRY 2,470/mt ($434/mt) ex-works, excluding VAT, with 25 percent on cash payment basis and with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral.
Compared to the previous price list, the producer has kept its billet prices stable on Turkish lira basis, though prices on US dollar basis have moved down by $6/mt due to the fluctuation of the exchange rate.
$1 = TRY 5.69