Turkey’s Kardemir raises its wire rod prices for engineering grade products by $85/mt

Today, May 25, Turkish mill Kardemir has opened its local sales for specific wire rod grades, i.e., for engineering grade products as opposed to low-carbon grade wire rod, as per the list below. The producer has issued its list price only on US dollar basis and for cash payment, on ex-works basis. All wire rod prices have indicated an increase of $85/mt compared to the company’s previous list dated May 5.

The general range in the local Turkish wire rod market for SAE 1008-1010 grade 6.5-8 mm wire rod was at $820-855/mt ex-works at the end of last week, while the list prices for 20MnB4 5.5-16 mm were at $965/mt ex-works in Turkey’s Aegean region on May 21. No fresh wire rod sales been heard for now.