Today, October 25, Turkish integrated mill Kardemir has reduced its wire rod prices by $15/mt compared to Monday, October 9, against the backdrop of ongoing currency fluctuations and sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $585/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $570/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $590/mt ex-works.
Kardemir’s 6-27 mm wire rod price is close to the lower end of the general official price range for the same specifications in Turkey which has varied at around $565-600/mt ex-works.
Wire rod prices exclude 20 percent VAT.