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 cut to $645/mt ex-works, while its offers for 20MnB4 grade have fallen to $785/mt ex-works, against the backdrop of the ongoing currency fluctuations and sluggish demand.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $655/mt delivered to Istanbul and its offers for 20MnB4 grade are at $795/mt delivered to Istanbul. The offers in question are $10/mt lower than the offers seen on Friday, March 8.
All the above prices exclude 20 percent VAT and are for cash payments.
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