Turkish mills try to maintain their local wire rod prices despite $/TRY exchange rate

Thursday, 26 February 2009 16:44:45 (GMT+3)   |  

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. Resisting the fluctuations seen in the $/TRY exchange rate,  some Turkish producers have maintained their domestic sales prices over the past week, while some of them have slightly lowered their prices.

Region

      Price

   Delivery

Thrace

      TRY 840-860/mt ($422-432/mt)

  ex-works

Izmir

      TRY 840-850/mt ($422-427/mt)

  ex-works

Iskenderun

      TRY 936-955/mt ($470-480/mt)

  ex-works

Marmara

      TRY 840-860/mt ($422-432/mt)

  ex-works

The above prices are on actual weight basis. The dollar prices exclude VAT, while the TRY prices include VAT.  These prices are the active trading prices; however, wire rod sales prices announced on February 25 in the Aegean region are special price levels given by the producer in this region.

US$1 = TRY 1.68541


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