Mills’ domestic wire rod offers in Turkey have remained stable over the past week in most regions of the country, while buyers prefer to postpone new purchases, seeking to sell off their stocks. Some of them, in particular, have purchased more material than needed as the upward sentiment have been strong in the market. Most producers are offering for April deliveries, while only in Iskenderun producers are soon expected to be in the market to sell for May. Prices of April production wire rod in Iskenderun, supply being limited, are $10-15/mt above last week’s levels, SteelOrbis has learned.
Currently, the local offers for 6-7 mm mesh quality wire rod are as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
18.02.2020 |
||
|
Marmara |
470-475 |
0 |
|
Thrace |
465-470 |
0 |
|
Izmir |
465-470 |
0 |
|
Iskenderun |
480-485 |
+15/+10 |
*Price in Iskenderun have increased by $15/mt on the lower end and by $10/mt on the upper end.
The above prices, which are on the actual weight basis, excluding 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.