Turkish wire rod offers supported by higher production costs

Friday, 15 April 2016 14:08:20 (GMT+3)   |   Istanbul
       

Turkish steel producers have increased their wire rod offers to the export markets by $20/mt in the past week to $490-500/mt FOB in parallel with higher production costs caused by the ongoing rises seen in global scrap and billet quotations. Although demand for Turkish wire rod in the export markets has remained at low levels during the past week, buyers in the target markets have stepped up their inquiries.


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