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) |
|
03.01.2016 |
|||
Marmara |
460-470 |
0 |
|
Thrace |
450-460 |
0 |
|
Izmir |
455-465 |
0 |
|
Iskenderun |
455-460 |
0 |
|
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.
Buyers in the local Turkish wire rod market have maintained a cautious stance as regards concluding new purchases amid the political and economic uncertainties in Turkey and due to the ongoing harsh winter weather conditions, and so demand has remained at very low levels. However, given the lack of a decrease in their production costs, Turkish steel producers have kept their domestic wire rod quotations stable during the past week despite the weakness of demand.