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) |
|
|
23.10.2018 |
|||
|
Marmara |
540-550 |
0 |
|
|
Thrace |
535-540 |
0 |
|
|
Izmir |
530-540 |
0 |
|
|
Iskenderun |
530-540 |
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.
It is observed that demand in the local Turkish wire rod market has remained at low levels over the past week. Market sources state that buyers in the market have maintained their wait-and-see stance in the given week and continue to conclude purchases only in line with their needs. On the other hand, it is observed that, despite the weakness of demand in the local Turkish wire rod market, Turkish producers have kept their domestic wire rod offer prices stable week on week due to the ongoing high levels of scrap quotations.