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31 Mar
15:12

Kardemir sells large billet tonnage after opening sales

Kardemir sold 70,000 tonnes of billet in the domestic market rapidly after opening its sales on Wednesday at TRY 4,770-5,250/tonne ($577-635) ex-works, excluding VAT, market participants tell Kallanish. The Turkish steelmaker’s rebar and wire rod sales remain closed. Turkey’s economic performance has been hit by political turmoil since President Tayyip Erdogan sacked the governor of the Turkish Central Bank in mid-March, followed by a central ban…
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