Turkish mills have cut their official wire rod prices by $10-25/mt against the backdrop of the negative sentiment in the import scrap and billet segments and sluggish demand. Kardemir’s wire rod sales are still open, with its 6-27 mm wire rod price at $600/mt ex-works.
An Iskenderun-based mill has issued its official wire rod price today at TRY 16,000/mt ($593/mt) ex-works. Another mill in this region has issued its wire rod price at $600/mt ex-works today. One Marmara-based mill has decreased its wire rod price by $10/mt this week. The exchange rate is taken as $1 = TRY 26,96 for today's pricing in the Iskenderun region as no other exchange rate has been specified locally.
Most suppliers are offering for August delivery, while a limited tonnage is available from stocks. Most local buyers are maintaining a wait-and-see stance ahead of the Turkish Central Bank's interest rate decision due on Thursday, July 20.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
11.07.2023 |
||
|
Marmara |
635-640 |
-10 |
|
Thrace |
600-605 |
-25 |
|
Izmir |
600-605 |
-15 |
|
Iskenderun |
593-600 |
-16 |
The above prices, which are on actual weight basis, exclude 20 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.