SteelOrbis has been informed by market sources that local producers' price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod are as follows:
Region |
Price ($/mt) |
Price change ($/mt) |
|
09.08.2016 |
|||
Marmara |
415-430 |
0 |
|
Thrace |
400-415 |
0 |
|
Izmir |
405-430 |
0 |
|
Iskenderun |
385-405 |
0 |
|
The above prices, which are on actual weight basis, exclude VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
During the past week, domestic wire rod prices in Turkey have moved sideways, while demand in the local Turkish wire rod market has remained at low levels. Market sources believe that buyers will resume their wire rod purchases after the Feast of Sacrifice in September. Meanwhile, buyers in the local Turkish wire rod market are still only concluding deals in line with their needs amid the ongoing political tension in the country and due to the fluctuations seen in the Turkish lira-US dollar exchange rate.