Turkish wire rod producers have been seeking to sell their products abroad amid low domestic demand resulting from buyers’ rather negative expectations.
The official export offers have been set this week within $690-700/mt FOB for April shipments. A 30,000 mt cargo has been recently sold to the Netherlands at $710/mt CFR or around $680/mt FOB, SteelOrbis has learned. Currently, 36 percent of Turkey’s wire rod quota in the EU (total of 104,926 mt including 28,563 mt transferred from the previous period) has been utilized.
In the domestic market, Turkish mills’ offers are mainly at $680-690/mt ex-works with a few sellers offering slightly higher levels. “Some buyers are waiting for Kardemir to revise its wire rod list prices to have better payment terms and competitive pricing,” a source mentioned.