Today, November 15, Turkish integrated mill Kardemir has increased its wire rod prices by $10/mt, compared to Wednesday, November 8, against the backdrop of the ongoing currency fluctuations and the positive sentiment in the import scrap segment.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $610/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $595/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $615/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 $590-610/mt ex-works.
Wire rod prices exclude 20 percent VAT.
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