SteelOrbis has heard that the current offers for 1008 grade 6.5-8 mm wire rod in the local Turkish market are as presented below. While the wire rod market registered uptrend last week, a price softening on Turkish lira basis is observed this week under the influence of sluggish end-user demand. Last week's activity (thanks to the traders' purchases) has eased off this week. Since end-users in waiting mode have not responded to the price increase and due to the decline in US dollar-Turkish lira exchange rate, the Turkish lira price levels of the Turkish producers that sell on US dollar basis have decreased.
Region |
Price |
Delivery |
Thrace |
TRY 890-900/mt ($466-471/mt) |
ex-works |
Izmir |
TRY 870-880/mt ($455-460/mt) |
ex-works |
Iskenderun |
TRY 870-880/mt ($455-460/mt) |
ex-works |
Marmara |
TRY 890-900/mt ($466-471/mt) |
ex-works |
The above prices are on actual weight basis. The dollar prices exclude VAT, while the TRY prices include VAT.
US$1 = TRY 1.62