Turkish producers' most commonly reported
wire rod offers to the Middle East and to North and West Africa have moved down by $8/mt during the past week to $360-370/mt FOB, while Turkish producers continue to conclude sales of just small tonnages of
wire rod.
Meanwhile, Turkish mesh quality
wire rod offers to the US have remained stable during the past week in the range of $365-375/mt CFR FO US Gulf Coast ports. Market sources state that
wire rod stocks at US ports are declining rapidly and so US buyers have increased their
wire rod inquiries and are expected to conclude new deals very soon. In the current week, a Turkish producer has given
wire rod offers to the US at $370/mt CFR.