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 increased to $690/mt ex-works, while its offers for 20MnB4 grade have risen to $830/mt ex-works, against the backdrop of the ongoing currency fluctuations and costlier scrap.
In addition, the producer’s offers for 5.5-16 mm drawing quality wire rod are at $700/mt delivered to Istanbul and its offers for 20MnB4 grade are at $840/mt delivered to Istanbul. The offers in question are $30/mt higher than the offers compared to Thursday, November 16.
All the above prices exclude 20 percent VAT and are for cash payments.