Turkish mills have mainly cut their official wire rod prices by $10-30/mt compared to Tuesday, June 20, except in the Marmara region where the official wire rod price has remained unchanged for now. Kardemir’s wire rod sales are still open, with its 6-27 mm wire rod price at $645/mt ex-works.
An Iskenderun-based mill has issued its official wire rod price today at TRY 16,000/mt ($615/mt). One Marmara-based mill has set its exchange rate at $1 = TRY 26.10 for today’s pricing. The exchange rate is taken as $1 = TRY 26,02 for today's pricing in the Iskenderun region as no other exchange rate has been specified locally.
Most suppliers are offering for end of July-August delivery, while a limited tonnage is available from stocks. Most local buyers are taking their time before restocking material due to the unclear financial situation in Turkey and the sluggish demand.
Region |
Price ($/mt) |
Price change ($/mt) |
20.06.2023 |
||
Marmara |
665-670 |
0 |
Thrace |
635-640 |
-10 |
Izmir |
640-645 |
-10 |
Iskenderun |
615 |
-30 |
The above prices, which are on actual weight basis, exclude 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.