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 have decreased to $740/mt ex-works, while its offers for 20MnB4 grade have fallen to $880/mt ex-works, against the backdrop of the ongoing depreciation of the Turkish lira against the US dollar and the relatively negative sentiment in the import scrap segment.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $750/mt delivered to Istanbul and its offers for 20MnB4 grade are at $890/mt delivered to Istanbul. The offers in question are $30/mt lower than the offers in the producer’s previous price list dated Monday, May 8.
All the above prices exclude 18 percent VAT and are for cash payments.