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) |
Marmara | 481-490 |
Thrace | 463-472 |
Izmir | 463-472 |
Iskenderun | 465-480 |
The above prices, which are on actual weight basis, do not include VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
According to market sources, Turkish steel producers have revised their wire rod prices downwards for their domestic market due to the strengthening of the Turkish lira against the US dollar as compared to last week. Thus, wire rod prices in the local Turkish market have started to range at $463-490/mt ex-works, decreasing by $5-12/mt week on week. Market sources state that demand is weak in the local Turkish wire rod market due to the uncertainties surrounding the US dollar-Turkish lira exchange rate and raw material prices. For this reason, some Turkish producers are focusing on producing rebar instead of wire rod, while some producers are focusing on selling special quality wire rod.
$1 = TRY 2.73