Turkish wire rod producers await US DOC decision on Chinese imports

Friday, 29 August 2014 17:11:18 (GMT+3)   |   Istanbul
       

SteelOrbis has been informed that Turkish producers' export prices for mesh quality wire rod have increased by $5/mt compared to last week and are currently in the range of $595-610/mt FOB.
 
According to market sources, demand for Turkish wire rod in the US market has been at decent levels and Turkish wire rod prices for the US might be revised upwards in the coming days. For now, ex-Turkey offers for the US market for mesh quality wire rod have remained unchanged compared to last week and are in the range of $630-640/mt CFR FO US Gulf ports. Additionally, market sources report that wire rod sales from Turkey to the Middle East and North Africa (MENA) region and Europe have been concluded for small tonnages.
 
In June this year, the US Department of Commerce (DOC) had delayed the announcement of its final determination in the trade case against Chinese importers of carbon steel and alloy steel wire rods to the US. The final determination was postponed to August 29. Accordingly, Turkish producers are now awaiting the US DOC's announcement. 
 

Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

UAE-based ESA cuts wire rod prices for April despite better demand

28 Mar | Longs and Billet

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Local Turkish official domestic wire rod prices follow diverse trends

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Local wire rod quotations in Indian market - week 13, 2024

26 Mar | Longs and Billet