Earlier today, November 28, Turkish mill Kardemir mostly raised its merchant bar prices by $20/mt, while raising its IPE-NPI-NPU (160-200) (Std) price by $40/mt, amid higher import scrap and billet prices, as compared to its previous price list issued on Thursday, October 19, opening its merchant bar sales for the first time in a long while. The list prices are shown below.
According to sources, Kardemir succeeded in selling around 40,000 mt of merchant bar, closing its sales after a couple of hours.
|
Prices ($/mt) |
Price Change($/mt) |
|
|
IPE - NPI - NPU (160 - 200) (Std.) |
750 |
+40 |
|
IPE - NPI - NPU (220 - 300) (Std.) |
770 |
+20 |
|
IPE - NPI - NPU (320- 550) (Std.) |
850 |
+20 |
|
HEA / HEB (120-200) (Std.) |
775 |
+20 |
|
HEA / HEB (220-260) (Std.) |
850 |
+20 |
|
HEA / HEB (280 - 300) (Std.) |
865 |
+20 |
|
HEA / HEB (320-450) (Std.) |
890 |
+20 |
|
HEA / HEB (500) (Std.) |
905 |
+20 |
Prices on US dollar basis do not include 20 percent VAT.