Demand for Turkish wire rod exports decreases due to higher prices

Friday, 01 February 2019 16:52:21 (GMT+3)   |   Istanbul
       

It is observed that demand received by Turkish wire rod suppliers from the international markets has weakened over the past week. With import scrap quotations increasing further, Turkish wire rod producers’ costs have also moved up further. As a result, Turkish mills’ wire rod export offers have increased by an average of $5/mt week on week to $490-500/mt FOB. Additionally, Turkish wire rod suppliers have concluded a limited number of sales of small tonnages to Israel, market sources report.


Most Recent Related Articles

Local Turkish wire rod prices mostly stable

Turkish domestic wire rod prices decline due to slow trade

Reversal of scrap price trend in Turkey impacts longs exporters’ positions

Turkey’s wire rod exports down 31.6 percent in Q1

Turkish domestic wire rod prices fall amid unfavorable business conditions