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12 Mar
16:49

Kardemir closes billet sales after price hike

Kardemir has issued a new domestic price list for billet, seeking a TRY 130/tonne ($24) increase for the semi compared to its previous list a month ago, Kallanish learns from the Turkish steelmaker. The firm was quoting billet at TRY 2,411-2,590/t ($441-474). However, according to traders, sales were closed immediately. Unlike rebar whose demand remains weak, demand for billet has increased in the last week after mills managed to conclude some export deals fo…
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