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18 May

Kardemir struggles with billet sales amid weak market

Kardemir published a new price list and opened domestic sales for billet on Thursday, Kallanish notes. 150mm square billet was increased by $10/tonne from the previous list issued on 27 April to $620-625/t. Prices quoted are ex-works and exclude 18% VAT. Although Kardemir's billet prices seem high, their actual values are lower as Kardemir sells at Turkey's Central Bank's exchange rate, while the exchange rate is almost 10% higher in the sp…
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