Some Turkish suppliers are attempting to keep their official wire rod prices stable to offset currency fluctuations and higher production costs, specifically energy costs, while a few mills have already revised their wire rod prices in line witht the negative sentiment in the import scrap segment.
One Iskenderun-based mill has cut its wire rod price by $10/mt to $800/mt ex-works today. Special discounts are applicable for serious buyers amid the unclear financial situation in the country.
Most suppliers are still quoting for January-early February delivery, while a limited tonnage is available for late December delivery.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
24.11.2021 |
||
|
Marmara |
845-850 |
0 |
|
Thrace |
850 |
0 |
|
Izmir |
825-835 |
-10 |
|
Iskenderun |
800-845 |
-7.5 |
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.