Today, May 17, Turkish integrated mill Kardemir has raised its wire rod prices by $20/mt depending on product size, compared to Thursday, May 11, amid the ongoing currency fluctuations and the unclear financial situation in the country.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $690/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $675/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $695/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 varies at $665-695/mt ex-works.
Wire rod prices exclude 18 percent VAT.
.jpeg)