Today, July 3, Turkish integrated mill Kardemir has kept its wire rod prices stable, as compared to its price issued on Wednesday, May 29, against the backdrop of sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $615/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $600/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $620/mt ex-works. According to sources, around 6,000 mt of wire rod has been traded so far.
Kardemir’s 6-27 mm wire rod price is within the workable price range for the same specifications in Turkey which has varied at around $590-610/mt ex-works depending on the region.
Wire rod prices exclude 20 percent VAT.