Today, January 27, local Turkish wire rod mills have cut their prices by an average $15-22.5/mt week on week amid weaker scrap prices and continuing currency fluctuations. Most buyers are in wait-and-see mode in order to gain a better understanding of the import scrap trend.
Most Turkish mills are offering wire rod for late March delivery. One Iskenderun-based mill has closed its wire rod sales for now. Sources report the producer is expected to start 10-15 days of maintenance works in February, though no specific dates have been confirmed by the time of publication. In the import segment, ex-Russia SAE 1006/1008 grade wire rod offers are available at $740/mt CFR Iskenderun for April shipment, SteelOrbis has heard.
Region |
Price ($/mt) |
Price change ($/mt) |
19.01.2021 |
||
Marmara |
715-720 |
-15 |
Thrace |
715-720 |
-20 |
Izmir |
710-715 |
-20 |
Iskenderun |
710-720 |
-22,5 |
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.