SteelOrbis has been informed by market sources that price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod are as follows:
Region | Price ($/mt) |
Marmara | 529-542 |
Thrace | 535-546 |
Izmir | 525-535 |
Iskenderun | 500-510 |
The above prices, which are on actual weight basis, do not include VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
According to market sources, in the current week wire rod prices in the local Turkish market have been in the range of $500-546/mt ex-works. Demand in the local Turkish wire rod market is quite weak, while oversupply still remains a serious issue in the market. As a result, market players believe that local wire rod prices will continue their declining trend.
$1 = TRY 2.22