SteelOrbis has been informed that offers from a producer in Izmir in Turkey’s Aegean region for 5.5-16 mm drawing quality wire rod have decreased to $655/mt ex-works, while its offers for 20MnB4 grade have fallen to $795/mt ex-works, amid the weaker import scrap prices.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $665/mt delivered to Istanbul and its offers for 20MnB4 grade are at $805/mt delivered to Istanbul. The offers in question are $15/mt lower than the offers seen on Thursday, February 29.
All the above prices exclude 20 percent VAT and are for cash payments.