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26 Apr

Kardemir improves billet sales at lower price

Kardemir published a new price list and opened domestic sales for billet on Friday, Kallanish notes. 150mm square billet was decreased by $5-10/tonne to $545-560/t ex-works, excluding 20% VAT. This is compared to the previous list issued on 27 March. Kardemir, whose market outlook is seen as negative, opened billet prices at below market expectations. It closed sales by noon after selling around 66,000 tonnes. This is a significant improvement compared …
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