Turkish producers' mesh quality
wire rod offers to the export markets have remained unchanged over the past two weeks and still stand at $600-605/mt CFR, while ex-
Turkey drawing quality
wire rod prices are currently at $615-625/mt FOB.
There were strong expectations in the market that scrap prices would decline. Buyers have accordingly tried to build up pressure on
wire rod producers to lower their prices, but Turkish producers have maintained their strong stance on prices as demand in the market has been satisfactory.
Additionally, inquiries for ex-
Turkey wire rod continue to come from the
US market, while mesh quality
wire rod offers from
Turkey to the
US are currently at $645-660/mt CFO FO
US Gulf ports.
Meanwhile, market sources report that there is tightness of availability for some dimensions at Turkish producers and so from time to time they experience difficulties in supplying materials for prompt sales. According to market sources,
wire rod demand is at good levels in the Middle East and North Africa and most Turkish producers have filled their order books for June.