Today, April 27, Turkish integrated mill Kardemir has decreased its wire rod prices by $20 depending on product size, compared to Wednesday, April 12, amid the negative sentiment in the import scrap and billet segments.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod is standing at $700/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $685/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $705/mt ex-works.
Kardemir’s 6-27 mm wire rod price is close to the lower end of the official general price range for the same specifications in Turkey which varies at $690-730/mt ex-works.
Wire rod prices exclude 18 percent VAT.
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