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 increased to $680/mt ex-works, while its offers for 20MnB4 grade have risen to $820/mt ex-works, against the backdrop of the positive sentiment in the import scrap segment and ongoing currency fluctuations.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $690/mt delivered to Istanbul and its offers for 20MnB4 grade are at $830/mt delivered to Istanbul. The offers in question are $20/mt higher than the offers in the producer’s previous price list dated Tuesday, August 1.
All the above prices exclude 20 percent VAT and are for cash payments.