Over the past week, Turkish mills have raised their wire rod prices in line with their rebar prices amid costlier scrap.
An Iskenderun-based mill has issued its official wire rod price today, November 16, at $610/mt ex-works. The mill has stopped quoting in the local currency for now amid the ongoing currency fluctuations.
"Most mills are focused on increasing their wire rod prices sharply after Turkey launched a safeguard measure investigation on wire rod imports earlier this month. However, most buyers are maintaining a wait-and-see stance as they want to see if the upward trend of import scrap prices will continue," one source commented.
Kardemir issued its 6-27 mm wire rod of SAE 1008-1010 grade price at $595/mt ex-works yesterday. However, this price seems somewhat difficult to achieve under the current market conditions," one source mentioned.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
07.11.2023 |
||
|
Marmara |
610-615 |
+10 |
|
Thrace |
585-590 |
+10 |
|
Izmir |
585-590 |
+10 |
|
Iskenderun |
610 |
+17 |
The above prices, which are on actual weight basis, exclude 20 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.