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 $620/mt ex-works, while its offers for 20MnB4 grade have been set at $720/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $635/mt delivered to Istanbul and its offers for 20MnB4 grade are at $735/mt delivered to Istanbul. Its offers have increased by $10/mt for all grades against the backdrop of costlier import scrap and ongoing currency fluctuations. All prices are as compared to the offers seen on Friday, December 26.
The mill has raised its 5.5-16 mm SAE 1010/mesh grade price by $10/mt to $590/mt, while also increasing its 5.5-16 mm SAE 1010/mesh grade-2A price by $10/mt, to $590/mt ex-works in Izmir, as compared to December 26.
All the above prices exclude 20 percent VAT and are for cash payments.