SteelOrbis has been informed by market sources that local producers’ price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod are as follows:
Region |
Price ($/mt) |
Price change ($/mt) |
|
Marmara |
350-360 |
« |
0 |
Thrace |
335-345 |
« |
0 |
Izmir |
340-365 |
« |
0 |
Iskenderun |
330-340 |
« |
0 |
The above prices, which are on actual weight basis, exclude VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
This week, demand in the local Turkish wire rod market is still slack, while prices have remained unchanged over the past week. Meanwhile, buyers continue to exert downward pressure on prices. Market players state that buyers sometimes make firm bids at levels as low as $310/mt, but it is impossible for producers to meet such price requests. Accordingly, trading activity in the market has slowed down significantly.