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 $810/mt ex-works, while its offers for 20MnB4 grade are at $915/mt ex-works.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $820/mt delivered to Istanbul and its offers for 20MnB4 grade are at $925/mt delivered to Istanbul. The offers in question are $30/mt lower than the producer’s previous list prices announced on Monday, May 31. The producer has decreased its wire rod prices after a long break amid weaker scrap prices and the negative sentiment on the demand side.
All the above prices exclude 18 percent VAT and are for cash payments.