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) |
|
|
15.01.2019 |
|||
|
Marmara |
495-500 |
0 |
|
|
Thrace |
490-495 |
0 |
|
|
Izmir |
495-500 |
0 |
|
|
Iskenderun |
485-490 |
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.
During the past week, trading activity in the local Turkish wire rod market has remained at low levels. Market sources state that Turkish wire rod producers have kept their domestic wire rod offer stable week on week despite the rises in import scrap prices, due to the weakness of demand. Additionally, domestic demand for mesh grade wire rod in Turkey is not expected to revive in the short term amid the economic problems in the domestic construction sector.