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 are at $1,030/mt ex-works, while its offers for 20MnB4 grade are at $1,170/mt ex-works.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $1,040/mt delivered to Istanbul and its offers for 20MnB4 grade are at $1,180/mt delivered to Istanbul. The offers in question are $40-60/mt higher than the producer’s previous list prices dated Thursday, March 3 against the backdrop of the positive sentiment in the import scrap and billet segments and currency fluctuations.
All the above prices exclude 18 percent VAT and are for cash payments.