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 $625/mt ex-works, while its offers for 20MnB4 grade have fallen to $765/mt ex-work, amid the sluggish demand.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $635/mt delivered to Istanbul and its offers for 20MnB4 grade are at $775/mt delivered to Istanbul. The offers in question are $20/mt lower than the offers seen on Wednesday, May 15.
All the above prices exclude 20 percent VAT and are for cash payments.
Note: The mill had issued its previous list price on Wednesday, May 15. However, the latest prices of both abovementioned grades are stable compared to Thursday, May 2.
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