Local Turkish official wire rod prices move sideways

Tuesday, 20 February 2024 15:15:02 (GMT+3)   |   Istanbul

Over the past week, Turkish mills have mostly kept their official wire rod prices unchanged levels amid sluggish demand. However, most local buyers are exerting pressure for further discounts due to the negative sentiment in the import scrap segment. A few mills are even offering discounts of up to $10/mt for serious buyers.

One Iskenderun-based mill has kept its wire rod price unchanged at $650/mt ex-works today, SteelOrbis has heard.

Region 

Price ($/mt) 

Price change ($/mt) 

13.02.2024 

Marmara 

655-665 

0

Thrace 

645-650 

0

Izmir 

635-640 

0

Iskenderun 

650 

0

MelekDurmaz Aktaş
Melek Durmaz Aktaş
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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