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) | |
13.06.2017 | |||
Marmara | 490 - 520 | 0 | |
Thrace | 480 - 505 | ↑ | 2.5 |
Izmir | 485 - 510 | ↑ | 2.5 |
Iskenderun | 485 - 490 | ↑ | 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.
Although trading activity is sluggish in the local Turkish wire rod market ahead of the end-of-Ramadan holiday, buyers are continuing to make purchases instead of waiting until after the holiday as they are finding it difficult to meet their needs due to tight supply. Meanwhile, domestic wire rod prices have moved up slightly in some regions, supported by the price upticks in recent scrap deals and by the uptrend of rebar prices.