Turkish wire rod mills seek higher market price levels

Thursday, 16 May 2013 17:08:50 (GMT+3)   |   Istanbul

Price levels in the Turkish domestic market for 6.5-8 mm mesh quality wire rod are as follows:

Region

Price ($/mt)

Marmara

605-615

Thrace

600-610

Izmir

600-605

Iskenderun

605-615

The above prices, which are on actual weight basis, do not include VAT and are on ex-works basis, while it is possible to hear offers below the abovementioned prices for real buyers.

Wire rod prices in the Turkish domestic market, where demand is still stagnant, are currently in the range of $600-615/mt ex-works, while local mills have been seeking to revise their prices upward in order to push up market prices. Meanwhile, the wire rod list prices of Ege Çelik are at $610/mt ex-works, while the producer's offers for delivery to Istanbul are at $620/mt, excluding VAT.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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