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) |
|
28.02.2016 |
|||
Marmara |
485-495 |
↑ |
20 |
Thrace |
470-480 |
↑ |
20 |
Izmir |
475-485 |
↑ |
20 |
Iskenderun |
480-490 |
↑ |
35 |
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.
Turkish wire rod producers' production costs have increased with the restart of the upward movement of import scrap quotations after their short-lived sideways trend at the beginning of March. Accordingly, and also due to the slight revival of demand in the local Turkish wire rod market, Turkish steel mills have increased their domestic wire rod prices by $20-35/mt week on week.