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Kardemir has raised its rebar and wire rod prices in its latest price list, following the continued increase in Turkish scrap import prices.
The company is offering 12-32 mm rebar at TRY 30,540 (USD 628) per ton EXW, excluding VAT, up from TRY 29,750 (USD 614) per ton in its previous list issued last week.
Kardemir also increased wire rod prices by USD 20 per ton. SAE 1006 5.5 mm wire rod is offered at USD 665 per ton EXW, while SAE 1008-1010 is at USD 655 per ton. Prices for 6-27 mm wire rod are USD 10 per ton below the 5.5 mm base price.
The latest increases come as Turkish scrap import prices have reached around USD 400 per ton CFR Turkey, putting further pressure on domestic long steel production costs.
Founded in 1937, Kardemir has annual production capacity of around 3.5 mln tons, producing billets, blooms, rebar, wire rod and profiles at its facilities in Karabuk.
1 USD / 48.65 TRY