Egyptian WR for Mediterranean

Egyptian mesh quality wire rods are being offered to the Mediterranean region at $460-465/mt FOB on actual weight basis for December shipments. The state of the wire rod market in the Mediterranean and Black Sea is not very rosy. Egyptian producers have withdrawn their prices since Ukrainian producers reduced their offers below $460/mt FOB at the beginning of this month for North Africa and the Middle East. The prices of the Turkish producers may come down to below $470/mt FOB.