SteelOrbis has been informed by market sources that local producers' price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod are as follows:
Region | Price ($/mt) | Price change ($/mt) | |
10.05.2016 | |||
Marmara | 510-530 | ↓ | 30 |
Thrace | 490-500 | ↓ | 30 |
Izmir | 490-520 | ↓ | 30 |
Iskenderun | 470-490 | ↓ | 30 |
The above prices, which are on actual weight basis, exclude VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
During the past week, domestic wire rod prices in Turkey have decreased by $30/mt amid the increasing downward pressure on Turkish steel producers as a result of the declines seen in Chinese billet prices and due to the weak demand conditions in the local Turkish market. However, buyers have adopted a cautious approach to new deals as it is mostly expected that domestic wire rod prices in Turkey will fall further in the coming days, and so buyers are still only concluding wire rod purchases in line with their needs.