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 $765/mt ex-works, while its offers for 20MnB4 grade have risen to $905/mt ex-works, after being raised to $750/mt ex-works and $890/mt ex-works respectively earlier today, November 30.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $775/mt delivered to Istanbul and its offers for 20MnB4 grade are at $915/mt delivered to Istanbul. The offers in question are $15/mt higher than they were earlier today, supported by higher import scrap prices. Early this morning, prices for the abovementioned grades increased by $10/mt compared to November 29 to $760/mt delivered to Istanbul and $900/mt delivered to Istanbul, respectively, supported by the positive sentiment in the import scrap segment.
All the above prices exclude 18 percent VAT and are for cash payments.