Wire rod prices from Turkey’s Aegean region fall sharply

Monday, 06 September 2021 13:38:24 (GMT+3)   |   Istanbul
       

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.


Similar articles

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Local Turkish official domestic wire rod prices follow diverse trends

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Local wire rod quotations in Indian market - week 13, 2024

26 Mar | Longs and Billet

Local Chinese longs prices up $7-8/mt amid improved demand

25 Mar | Longs and Billet

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News