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16 May

Kardemir fails to sell billet at higher price

Kardemir published a new price list and opened domestic sales for billet on Thursday, Kallanish notes. 150mm square billet was increased by $5/tonne to $550-565/t ex-works, excluding 20% VAT. This is compared to the previous list issued on 26 April. Kardemir opened billet prices at above market expectations amid weak sentiment. Although exact volume sold was not confirmed at the time of publication, it is heard to have fallen far short of expectations, …
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