Today, February 9, Turkish integrated mill Kardemir has revised its domestic wire rod prices and managed to close its wire rod sales after a couple of hours this morning. According to sources, the producer succeeded in selling around 50,000 mt. The company’s rebar and billet sales remain closed.
Accordingly, Kardemir’s new prices for 5.5 mm SAE 1008-1010 grade wire rod were at TRY 4,635/mt ($653/mt) ex-works, while its 6-56 mm wire rod of the same steel grade were being offered at TRY 4,560/mt ($642/mt) ex-works, down by TRY 605/mt ($53-54/mt) compared to its previous price list dated January 26.
The general domestic wire rod price range in Turkey is currently standing at $655-680/mt ex-works. Sources report $685/mt ex-works is being offered for May delivery by one Iskenderun-based mill. Kardemir’s wire rod price was close to the lower end of the general price range, with advantageous payment terms.
$1 = TRY 7.10