Turkish mills have mainly reduced their local wire rod prices by $10-20/mt compared to Wednesday, April 12, against the backdrop of the depreciation of the Turkish lira against and the downward trend of import scrap prices. Icdas cut its official wire rod price by $10/mt to $710/mt ex-works yesterday, April 24. An Iskenderun-based mill has cut its wire rod price by $10/mt to $690/mt ex-works today, while the mill was offering its wire rod at $700/mt ex-works starting from Friday, April 14. Most suppliers are offering for May delivery, while a limited tonnage is available from stocks.
Kardemir has also kept its 6-27 mm wire rod price at $705/mt ex-works and has not issued any fresh sales price list since Wednesday, April 12.
Region |
Price ($/mt) |
Price change ($/mt) |
12.04.2023 |
||
Marmara |
725-730 |
0 |
Thrace |
705-710 |
-10 |
Izmir |
700-710 |
-10 |
Iskenderun |
690 |
-20 |
The above prices, which are on actual weight basis, exclude 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
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