During the past week, Turkish steel producers'
wire rod export offers have increased by $20/mt to $460-470/mt FOB as a result of increased transaction activity in the export markets. Demand for Turkish
wire rod in the export markets has revived amid the ongoing upward trend of scrap prices since the beginning of February, buyers' acceptance of the previous rises in Turkish
wire rod quotations, and due to the prevailing expectations of a further increase in Turkish
wire rod export prices.