Turkish integrated mill Kardemir has revised its domestic wire rod sales prices, today, January 14. The company’s rebar and billet sales are closed.
Accordingly, Kardemir’s new price for 5.5 mm SAE 1008-1010 grade wire rod stands at TRY 5,535/mt ($749/mt) ex-works, while its 6-56 mm wire rod of the same steel grade is being offered at TRY 5,425/mt ($734/mt) ex-works. The producer’s wire rod price has indicated a TRY 125/mt decrease, while still indicating an increase of $2/mt compared to Friday, December 25. The producer’s wire rod price is closer to the lower end of Turkish producers’ general price range of $740-755/mt ex-works.
Sources report that around 20,000 mt of wire rod were sold at Kardemir’s previous list price dated December 25, where the abovementioned sizes and grades were set respectively at TRY 5,660/mt ($766/mt) and TRY 5,550/mt ($751/mt), at the current exchange rate.
Prices exclude 18 percent VAT.
$1 = TRY 7.39
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