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 $770/mt ex-works, while its offers for 20MnB4 grade are at $910/mt ex-works.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $780/mt delivered to Istanbul and its offers for 20MnB4 grade are at $920/mt delivered to Istanbul. The offers in question are $40/mt lower than the producer’s previous list prices dated Tuesday, July 19. The main reasons are the negative sentiment in the import scrap segment and rapid currency fluctuations.
All the above prices exclude 18 percent VAT and are for cash payments.