SteelOrbis has been informed that offers from a producer in Izmir in Turkey’s Aegean region for 5.5 mm drawing quality wire rod have been issued at $610/mt ex-works, while its offers for 20MnB4 grade have been set at $740/mt ex-works.
In addition, the producer’s offers for 5.5 mm drawing quality wire rod are at $625/mt delivered to Istanbul and its offers for 20MnB4 grade are at $755/mt delivered to Istanbul. The offers in question have decreased by $20-30/mt compared to the offers seen on Wednesday, November 13.
All the above prices exclude 20 percent VAT and are for cash payments.
The mill has decreased its 5.5-16 mm SAE 1010/mesh grade price by $20/mt to $580/mt, while also reducing its 5.5-16 mm SAE 1010/mesh grade-2A price by $20/mt to $575/mt ex-works, over the same period, amid the negative sentiment in the import scrap segment.