Today, June 24, Turkish integrated mill Kardemir has opened its wire rod sales and closed them after a couple of hours. Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod was at TRY 6,880/mt ($794/mt) ex-works, while its 6-56 mm wire rod of the same steel grade was offered at TRY 6,790/mt ($784/mt) ex-works, up by TRY 80-85/mt ($6-7/mt) compared to its previous list dated Tuesday, June 8.
The producer’s wire rod price is very aggressive, as the general wire rod price range in the country is around $800-830/mt ex-works. Sources report that the producer succeeded in selling around 32,000 mt.
Wire rod prices exclude 18 percent VAT.
$1 = TRY 8.66