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 declined further, decreasing by $30/mt week on week to $470-490/mt FOB, as a result of the falls recorded in global billet quotations since the beginning of May.
Buyers in
Turkey's target markets are still postponing their new
wire rod transactions as they still believe that Turkish
wire rod export prices will fall further.