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 reduced to $710/mt ex-works, while its offers for 20MnB4 grade have fallen to $850/mt ex-works, amid the negative sentiment in the import billet segment, recent increase in VAT rate and sluggish demand.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $720/mt delivered to Istanbul and its offers for 20MnB4 grade are at $860/mt delivered to Istanbul. The offers in question are $30/mt lower than the offers in the producer’s previous price list dated Thursday, June 15.
All the above prices exclude 20 percent VAT and are for cash payments.