Today, February 22, Turkish integrated mill Kardemir has increased its wire rod prices by $20 depending on product size, compared to Wednesday, February 1, against the backdrop of the currency fluctuations and higher import scrap prices.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod is standing at $760/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $745/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $765/mt ex-works.
Kardemir’s 6-27 mm wire rod is close to the lower end of the official general price range for the same specifications in Turkey which varies at $740-760/mt ex-works.
Wire rod prices exclude 18 percent VAT.
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