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) | |
19.04.2016 | |||
Marmara | 540-560 | ↑ | 45 |
Thrace | 520-530 | ↑ | 30 |
Izmir | 520-550 | ↑ | 40 |
Iskenderun | 500-520 | ↑ | 15 |
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.
Demand in the Turkish domestic wire rod market has remained at medium levels during the past week. Following deals concluded on Friday, April 22, import scrap and billet prices have increased further in Turkey. As a result of the higher production costs caused by these rises in import scrap and billet quotations, Turkish steel producers have once again raised their domestic wire rod prices, hiking them by $15-45/mt week on week.