Today, July 5, Turkish integrated mill Kardemir has cut its wire rod prices by $20/mt compared to Wednesday, June 21, against the backdrop of the ongoing currency fluctuations and the negative sentiment in the import scrap segment.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $640/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $625/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $645/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 varied at $615-670/mt ex-works yesterday, July 4.
Wire rod prices exclude 18 percent VAT.