Over the past week, official wire rod prices in Turkey have decreased by $5-10/mt in the Marmara and Izmir regions, while remaining stable in the rest of the country, amid sluggish demand and the negative sentiment in the import scrap segment.
According to sources, the workable wire rod prices in Turkey are at around $615-625/mt ex-works, depending on the region, with additional discounts applicable for serious buyers only.
One Iskenderun-based mill has issued its wire rod price at $625/mt ex-works today, November 5. Most buyers are not in a rush to restock material and are exerting pressure for further discounts.
Region |
Price ($/mt) |
Price change ($/mt) |
30.10.2024 |
||
Marmara |
625-630 |
-5 |
Thrace |
625-630 |
0 |
Izmir |
615-620 |
-10 |
Iskenderun |
625 |
0 |
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 the buyers and order sizes.