Today, May 25, Turkish integrated mill Kardemir has opened its wire rod sales for the first time since early this month. Kardemir’s new price for 5.5 mm SAE 1008-1010 grade wire rod has been announced at TRY 6,965/mt ($828/mt) ex-works, while its 6-56 mm wire rod of the same steel grade is offered at TRY 6,880/mt ($818/mt) ex-works, up by TRY 730/mt ($80-81/mt). According to sources, the supplier has sold a limited volume, while the actual tonnage has not been confirmed by the time of publication.
The producer’s wire rod prices are a bit higher than the general wire rod price range in Turkey which is currently at $810-850/mt ex-works. Morever, sources report that the producer is carrying out maintanence works which will last for a week.
Wire rod prices exclude 18 percent VAT
$1 = TRY 8.41