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 $570/mt ex-works, while its offers for 20MnB4 grade have been set at $680/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $585/mt delivered to Istanbul and its offers for 20MnB4 grade are at $695/mt delivered to Istanbul. The offers in question have fallen by $10-15/mt depending on the grade amid the ongoing currency fluctuations and sluggish demand, as compared to the offers seen on Thursday, July 24.
The mill has also decreased its 5.5-16 mm SAE 1010/mesh grade price by $10/mt to $550/mt, while also cutting its 5.5-16 mm SAE 1010/mesh grade-2A price by $15/mt to $540/mt ex-works in Izmir, as compared to July 24.
All the above prices exclude 20 percent VAT and are for cash payments.