Kardemir hikes billet prices, closes sales after substantial orders

Turkish steelmaker Kardemir has increased its billet prices by USD 15 per ton in its latest sales round, according to its latest price list, compared to the levels announced early this month.

As per the updated pricing, S235JR grade billets are now offered at USD 500 per ton EXW, while B420 grade billets are priced at USD 510 per ton EXW.

According to the market insiders, mill sold significant quantities and closed the sales shortly.

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.