Over the past week, official wire rod prices in Turkey have risen by $5-20/mt amid higher production costs and limited supply. There is a mood of panic among most local buyers and they are monitoring the wire rod price trend to see whether it will be maintained in the longer term.
According to sources, the workable wire rod prices in Turkey are at around $610-620/mt ex-works, depending on the region.
One Iskenderun-based mill increased its wire rod price by $20/mt to $630/mt ex-works yesterday.
Region |
Price ($/mt) |
Price change ($/mt) |
24.09.2024 |
||
Marmara |
615-625 |
+5 |
Thrace |
615-625 |
+5 |
Izmir |
610-615 |
+7.5 |
Iskenderun |
630 |
+20 |
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.
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