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) | |
03.05.2016 | |||
Marmara | 540-560 | ↔ | 0 |
Thrace | 520-530 | ↔ | 0 |
Izmir | 520-550 | ↔ | 0 |
Iskenderun | 500-520 | ↔ | 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.
During the past week, demand in the Turkish domestic wire rod market has remained at low levels, while domestic wire rod prices have moved sideways for the second consecutive week. With the sharp declines seen in Chinese billet prices as of last week, it is mostly expected that domestic wire rod prices in Turkey will fall in the coming days, and so buyers are now only concluding wire rod purchases in line with their needs.