Buyers continue to wait and see in Turkish wire rod market

In the Turkish domestic wire rod market, prices for mesh quality wire rod are at TRY 1,280-1,317/mt ($715-736/mt) + VAT ex-works. Nevertheless, producers are heard to be offering lower prices again as compared to their official asking prices, for large volume orders.
 
This week in the local Turkish wire rod market, buyers have supply shortages for light gauge wire rod, and so the shipment periods for these products could be a little longer than usual. Meanwhile, local buyers continue to wait and see and to conclude deals only according to their needs.
 
On the other hand, Turkish producers' wire rod offers have remained unchanged as compared to last week and are still at $680-690/mt FOB for end of April shipments.
 
$1 = TRY 1.79