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) | |
31.01.2016 | |||
Marmara | 440-445 | ↑ | 5 |
Thrace | 425-435 | ↑ | 7.5 |
Izmir | 430-440 | ↑ | 7.5 |
Iskenderun | 430-445 | ↑ | 5 |
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.
In the local Turkish wire rod market, demand has picked up slightly compared to the previous week, but is still at low levels. Scrap prices started to soften after the first week of January and continued to decline until early February with occasional sharp declines. The downtrend in scrap prices came to an end on February 3, with an ex-US scrap booking price which was higher than previous ex-US scrap booking price levels. Supported by scrap bookings heard today, February 7, local Turkish wire rod offers have moved up, also due to the slightly improved demand.