Official wire rod prices in Turkey have decreased by $10/mt in the Marmara and Izmir regions, though remaining stable in the rest of the country, amid sluggish demand and ongoing currency fluctuations, compared to November 14.
According to sources, the workable wire rod prices in Turkey are at around $595-610/mt ex-works, depending on the region, versus $615-625/mt ex-works on November 14.
One Iskenderun-based mill has kept its wire rod price stable at $625/mt ex-works so far.
Most buyers are taking their time before concluding new purchases and are exerting pressure for further discounts.
Region |
Price ($/mt) |
Price change ($/mt) |
14.11.2024 |
||
Marmara |
605-610 |
-10 |
Thrace |
605-610 |
0 |
Izmir |
595-600 |
-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.