SteelOrbis has been informed that offers from a steel producer in Izmir in Turkey’s Aegean region for 5.5 mm drawing quality wire rod have been issued at $600/mt ex-works, while its offers for 20MnB4 grade have been set at $705/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $615/mt delivered to Istanbul and its offers for 20MnB4 grade are at $720/mt delivered to Istanbul. Its offers have fallen by $10/mt for drawing grade, while only down by $5/mt for 20MnB4 grade. The main reasons are ongoing currency fluctuations and sluggish demand ahead of Ramadan. All prices are as compared to the offers seen on Wednesday, January 28.
The mill has reduced its 5.5-16 mm SAE 1010/mesh grade price by $10/mt to $570/mt, while also cutting its 5.5-16 mm SAE 1010/mesh grade-2A price by $10/mt, to $570/mt ex-works in Izmir, as compared to January 28.
All the above prices exclude 20 percent VAT and are for cash payments.