As a result of the slight revival recorded in demand for Turkish
wire rod in the export markets as well as the rises seen in import scrap prices in
Turkey since February 3, Turkish steel producers have increased their
wire rod export quotations by $10/mt week on week to $440-450/mt FOB.
Additionally, it is been heard that Turkish
wire rod producers are giving offers for May output as they have already filled their order books for March and April output. However, market sources report that buyers think it is too early to give orders for May production.