Local Turkish wire rod market increases

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:

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.
 
Prices in the local Turkish wire rod market have increased by $10/mt in the current week amid the rises seen in both semi-finished steel and import scrap quotations, though market players report that discounts are available in the market during actual transactions. On the other hand, demand in the local Turkish wire rod market has remained at low levels due to the ongoing political tension in the country following the attempted coup on July 15.