Turkey wire rod export prices move down due to weak demand

Friday, 27 May 2016 13:55:34 (GMT+3)   |   Istanbul
       

During the past week, demand for Turkish wire rod in the export markets has remained at low levels, while Turkish wire rod export prices have moved down by $10/mt on the lower end by $20/mt and by on the upper end to $460-470/mt FOB in the same period. Meanwhile, buyers in Turkish exporters' target markets are in no rush to conclude new deals as they expect a further decline in Turkish wire rod quotations.

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