Today, May 29, Turkish integrated mill Kardemir has cut its wire rod prices by $5/mt, as compared to its price issued on Wednesday, May 15, amid sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $615/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $600/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $620/mt ex-works.
"The mill wire rod price has reached a workable price level, so most buyers may be interested in stocking material at this level with the advantageous payment terms," one source commented.
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 $595-640/mt ex-works.
Wire rod prices exclude 20 percent VAT.
.jpeg)