Today, March 20, Turkish integrated mill Kardemir has cut its wire rod prices by $15/mt as compared to Thursday, February 29, against the backdrop of the ongoing currency fluctuations and sluggish demand.
Accordingly, Kardemir’s price for 5.5 mm SAE 1008-1010 grade wire rod stands at $620/mt ex-works, while its 6-27 mm wire rod of the same steel grade is offered at $605/mt ex-works. In addition, 28-56 mm wire rod of the same steel grade is offered at $625/mt ex-works. Sources report around 8,000-10,000 mt of wire rod have been sold so far.
Kardemir’s 6-27 mm wire rod price is close to the lower end of the general official price range for the same specifications in Turkey which has varied at around $610-640/mt ex-works.
Wire rod prices exclude 20 percent VAT.