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 decreased to $770/mt ex-works, while its offers for 20MnB4 grade have fallen to $910/mt ex-works, amid the pessimistic mood in the import scrap segment.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $780/mt delivered to Istanbul and its offers for 20MnB4 grade are at $920/mt delivered to Istanbul. The offers in question are $20/mt lower than offers in the producer’s previous price list dated Friday, April 28.
All the above prices exclude 18 percent VAT and are for cash payments.