Turkish steel producer Kardemir has increased its billet prices, according to the company’s latest price list. Prices have been raised by USD 15 per ton compared to earlier this month.
The company is now offering S235JR grade billets at USD 500 per ton EXW, while B420 grade billets are offered at USD 510 per ton EXW.
Market sources indicate that Kardemir achieved significant sales volumes in this sales round, prompting a swift closure of billet sales.
Established in 1937, Kardemir is a key player in Turkey’s steel industry, with a 3.5 mln tons annual production capacity. The company manufactures billets, blooms, rebars, and profiles at its Karabuk-based facilities.