SteelOrbis has been informed that offers from a producer in Izmir in Turkey’s Aegean region for 5.5-16 mm drawing quality wire rod have fallen to $870/mt ex-works, while its offers for 20MnB4 grade have increased to $1,010/mt ex-works, amid the negative sentiment in the import scrap and billet segments.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $880/mt delivered to Istanbul and its offers for 20MnB4 grade are at $1,020/mt delivered to Istanbul. The offers in question are $20/mt lower, than offers in the producer’s previous price list dated Tuesday, March 14.
All the above prices exclude 18 percent VAT and are for cash payments.