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On February 13, Kardemir, a large comprehensive long steel producer in Türkiye, announced that the listing price of billets would be increased by 5-10 dollars/ton to cope with the recent rise in raw material costs.SA204 Grade C steel This is another price adjustment after Kardemir raised the prices of rebar and wire rod last week.
Kardemir has adjusted the listing price of 150x150 S235 steel billets to $490/ton EXW, an increase of $10/ton from the price list on January 22; The price of 150x150 B420 steel billets has been adjusted to $500/ton EXW, an increase of $5/ton. This price adjustment is consistent with the recent upward trend in imported scrap steel and iron ore prices.
On February 12, the price of scrap steel imported from Türkiye deepwater rose. Due to the increase in US origin trading prices, quotes from other recyclers have also risen. According to Mysteel data, on February 12, Türkiye imported 1/2 (80:20) of high-quality remelting scrap steel at a price of $359.50 per ton CFR, up $2 from the previous day. SA204 Grade C steel, At the same time, Asian iron ore prices have also risen due to supply constraints caused by weather conditions in Western Australia.
Although Kardemir raised the price of steel billet due to the rising cost of raw materials, the price of imported steel billet in Türkiye has not fluctuated significantly recently. On February 12, the price of steel billet exported by CIS was 432.50 US dollars/ton FOB Black Sea, and the price of steel billet imported by Türkiye was 452.50 US dollars/ton CFR, both of which were the same as the previous day.
As an important long steel producer in Türkiye, Kardemir has an annual steel output of 2.5 million tons, and its main products include billet, rebar, wire rod, section steel and angle steel.
The increase in steel billet prices by Kardemir this time is mainly affected by the rise in imported scrap steel and iron ore prices. SA204 Grade C steel, Despite the rising cost of raw materials, the price of imported steel billets has temporarily remained stable. In the future, with fluctuations in the raw material market, the trend of steel prices still needs to be closely monitored.
