Turkish integrated mill Kardemir has opened only its domestic wire rod sales, today, August 27, while its rebar and billet sales remain closed.The previous wire rod price list was dated August 11.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod is set at TRY 3,775/mt ($512/mt) ex-works, while its 6-56 mm wire rod of the same steel grade is offered at TRY 3,730/mt ($506/mt) ex-works. The above prices indicate an increase of TRY 80/mt ($9/mt) compared to the previous list price. Sources report that Kardemir is still busy delivering previous orders. As a result, it only opened its wire rod sales this time.
The abovementioned offers are 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 7.37