SteelOrbis has been informed that offers from a steel producer in Izmir in Turkey’s Aegean region for 5.5 mm drawing quality wire rod have been issued at $605/mt ex-works, while its offers for 20MnB4 grade have been set at $705/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $620/mt delivered to Istanbul and its offers for 20MnB4 grade are at $720/mt delivered to Istanbul. Its offers have fallen by $10/mt for all grades against the backdrop of the sluggish demand and ongoing currency fluctuations. All prices are as compared to the offers seen on Thursday, December 4.
The mill has also cut its 5.5-16 mm SAE 1010/mesh grade price by $15/mt to $580/mt, while also raising only its 5.5-16 mm SAE 1010/mesh grade-2A price, by $15/mt to $580/mt ex-works in Izmir, as compared to December 4.
All the above prices exclude 20 percent VAT and are for cash payments.