SteelOrbis has been informed that offers from a producer in Izmir in Turkey’s Aegean region for 5.5 mm drawing quality wire rod have been issued at $600/mt ex-works, while its offers for 20MnB4 grade have been set at $730/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $615/mt delivered to Istanbul and its offers for 20MnB4 grade are at $745/mt delivered to Istanbul. The offers in question have decreased by $10/mt compared to the offers seen on Thursday, November 28.
All the above prices exclude 20 percent VAT and are for cash payments.
The mill has decreased its 5.5-16 mm SAE 1010/mesh grade price by $10/mt to $570/mt, while also reducing its 5.5-16 mm SAE 1010/mesh grade-2A price by $10/mt to $565/mt ex-works, over the same period, against the backdrop of the negative sentiments in the import scrap segment and sluggish demand.