Local Turkish wire rod prices increase in two regions

Turkish domestic wire rod prices have increased by an average of $5-10/mt in the regions of Thrace and Iskenderun week on week, while wire rod prices in the Marmara and Izmir regions have remained unchanged. Demand is sluggish due to the Ramadan period and most buyers are making their purchases in line with daily needs. Most mills have adjusted their wire rod prices as their export order books are more or less full. Sources report that special discounts are applicable for serious buyers. Most Turkish mills are offering for June production, while limited tonnages for some sizes are available either from stocks or  for end-of-May delivery.

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.