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 are at $730/mt ex-works, while its offers for 20MnB4 grade are at $870/mt ex-works.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $740/mt delivered to Istanbul and its offers for 20MnB4 grade are at $880/mt delivered to Istanbul. The offers in question are $30/mt lower than the producer’s previous list prices dated Tuesday, June 21, amid weaker import scrap and billet prices. Wire rod prices have moved down by $170/mt on US dollar basis since the beginning of this month in line with the negative sentiment in the raw material segment.
All the above prices exclude 18 percent VAT and are for cash payments.