Turkish integrated steel mill Kardemir has disclosed new wire rod prices on February 18, together with its announcements of new rebar prices.
The producer has increased its wire rod offers by TRY 140/mt ($18/mt) compared to two weeks ago. As a result, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod is now at TRY 2,890/mt ($478/mt) ex-works, while its 6-28 mm wire rod of the same steel grade is currently on offer at TRY 2,845/mt ($470/mt) ex-works. Sources report that Kardemir had sold approximately 20,000 mt of wire rod at its previous list price announced on February 4. No fresh sales have heard so far at the new price.
The offer is valid for orders for 500 mt and higher, with 25 percent on cash payment basis, with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral.
Prices exclude 18 percent VAT.
$1 = TRY 6.05