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) | |
30.05.2017 | |||
Marmara | 490-520 | 0 | |
Thrace | 475-505 | ↓ | 5 |
Izmir | 480-510 | ↓ | 5 |
Iskenderun | 480-485 | ↓ | 10 |
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.
It is observed that domestic wire rod prices in Turkey have softened slightly during the past week. Market sources state that, while supply remains tight in the local Turkish wire rod market, demand has slowed down during Ramadan, adding that wire rod supply volumes may increase in the coming days. Additionally, it is reported that Turkish wire rod producers are in some cases offering discounts of around $5-10/mt depending on the buyer and the tonnage.