Posted on 03 Mar 2025
Turkey's benchmark blast furnace-based mill, Kardemir, opened domestic sales for billet and wire rod on Friday at lower prices.
Kardemir decreased ex-works billet prices by $5/tonne to $485/t for 150mm S235JR grade and $495/t for B420 grade, from its previous reduction on 13 February, Kallanish notes. These values exclude 20% VAT.
The company maintained its prices for 5.5-56mm diameter wire rod at $560-600/t.
Kardemir offered a discount of 1% for orders over 500 tonnes in case of cash payment.
In addition to favourable prices, discounts and deferred payment options provided by the company attracted a lot of interest from the Turkish market, allowing Kardemir to close sales of 68,500t in half an hour.
The lira stood at TRY 36.53/dollar on Friday morning.
Source:Kallanish
