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 $590/mt ex-works, while its offers for 20MnB4 grade have been set at $705/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $605/mt delivered to Istanbul and its offers for 20MnB4 grade are at $720/mt delivered to Istanbul. The offers in question have fallen by $20/mt against the backdrop of weaker import scrap prices, as compared to the offers seen on Friday, March 14.
The mill has also reduced its 5.5-16 mm SAE 1010/mesh grade price by $20/mt to $570/mt, while also cutting its 5.5-16 mm SAE 1010/mesh grade-2A price by $20/mt to $565/mt ex-works, as compared to March 14.
All the above prices exclude 20 percent VAT and are for cash payments.