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) | |
29.11.2016 | |||
Marmara | 460-465 | ↓ | 10 |
Thrace | 445-450 | ↓ | 10 |
Izmir | 450-455 | ↓ | 10 |
Iskenderun | 460-465 | 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.
Demand in the local Turkish wire rod market has declined further during the past week, while buyers in the market have mostly maintained a wait-and-see stance amid the fluctuations of the Turkish lira-US dollar exchange rate. Turkish wire rod producers have reduced their prices for their domestic market due to the ongoing weakness of demand, while they are currently offering additional discounts of $5-10/mt depending on the tonnages purchased.