Today, August 22, Turkish integrated mill Kardemir has cut its wire rod prices by $10/mt, as compared to its price issued on Wednesday, August 14, amid weaker import scrap prices and sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $595/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $580/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $600/mt ex-works.
Kardemir’s 6-27 mm wire rod price is below the workable price range for the same specifications in Turkey which has varied at around $585-605/mt ex-works depending on the region.
Wire rod prices exclude 20 percent VAT.