Today, February 3, Turkish wire rod producers have decreased their domestic list prices by $15-32.5/mt compared to last week. The currency fluctuations, the negative sentiment in the import scrap sector and sluggish demand have become the key reasons for the downturn. Most buyers are purchasing only in line with their daily needs. Sources report that levels slightly higher than the general market price range may be offered by one producer in the Iskenderun region.
Most Turkish mills are offering wire rod for late March-April delivery. Sources report special discounts are available for serious buyers.“The general sentiment in the market is negative and trading is a bit slow due to weaker scrap prices,” a source told SteelOrbis.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
27.01.2021 |
||
|
Marmara |
690-695 |
-25 |
|
Thrace |
700-705 |
-15 |
|
Izmir |
680-685 |
-30 |
|
Iskenderun |
680-685 |
-32,5 |
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.