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 $660/mt ex-works, while its offers for 20MnB4 grade have been set at $800/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $675/mt delivered to Istanbul and its offers for 20MnB4 grade are at $815/mt delivered to Istanbul. The offers in question have risen by $20/mt, compared to the offers seen on Tuesday, October 1.
All the above prices exclude 20 percent VAT and are for cash payments.
Note: The mill has raised its 5.5-16 mm SAE 1010/mesh grade price by $20/mt to $630/mt, while also raising its 5.5-16 mm SAE 1010/mesh grade-2A price by $20/mt to $625/mt ex-works, over the same period, amid the positive sentiment in the import scrap segment.
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