Turkish integrated steel mill Kardemir has disclosed its new wire rod prices on March 3, having also announced new billet prices on the same day, while its rebar sales remain closed.
Accordingly, the producer has increased its wire rod offers by TRY 115/mt ($6-7/mt) compared to two weeks ago. As a result, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod has been settled at TRY 3,005/mt ($484/mt) ex-works, while its 6-28 mm wire rod of the same steel grade is currently on offer at TRY 2,960/mt ($477/mt) ex-works. No fresh sales have been heard at the new prices.
The offer is valid for orders for 500 mt and higher, with 25 percent on cash payment basis, with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral.
Prices exclude 18 percent VAT.
$1 = TRY 6.21
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