Over the past week, Turkish mills have cut their official wire rod prices by $4-20/mt amid ongoing currency fluctuations, sluggish demand and the negative sentiment in the import scrap segment.
An Iskenderun-based mill has issued its official wire rod price today at TRY 16,350/mt ($586/mt) ex-works, excluding VAT, down by $4/mt over the past week. The exchange rate is taken as $1 = TRY 27.92 for pricing in the Iskenderun region as no other exchange rate has been specified locally. The general sentiment on the demand side is negative.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
10.10.2023 |
||
|
Marmara |
595-600 |
-10 |
|
Thrace |
575-580 |
-20 |
|
Izmir |
570-575 |
-15 |
|
Iskenderun |
586 |
-4 |
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.