Turkish integrated steel mill Kardemir has announced its domestic wire rod sales prices on December 24. The producer’s offer for 5.5 mm 1008-1010 grade wire rod has increased by TRY 110 ($11/mt) since the middle of the month to TRY 2,950/mt ($497/mt) ex-works excluding 18 percent VAT. The offer is valid for orders for 500 mt and higher, with 25 percent on cash payment basis, with 25 percent each on 30-day, 60-day and 90-day deferred payment basis, and with no interest accruing due to payment deferral.
$1 = TRY 5.94
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