Today, November 2, Turkish integrated mill Kardemir has cut its wire rod prices by $15/mt as compared to Wednesday, October 26, against the backdrop of sluggish demand and the negative sentiment in the import scrap and billet segments.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod is currently at $675/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $655/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $695/mt ex-works.
Wire rod prices exclude 18 percent VAT.
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