Wire rod prices in Turkey have risen by $10-20/mt after the Feast of Sacrifice holiday amid stronger scrap prices.
Most Turkish mills are mainly offering for late September-beginning of October production. Demand is livelier after the holiday.
Most wire rod producers have already sold their stocks. As a result, delivery terms are extended, while limited availability of sizes is a long-standing issue facing wire rod buyers.
Currently, the local offers for 6-7 mm mesh quality wire rod are as follows:
Region |
Price ($/mt) |
Price change ($/mt) |
29.07.2020 |
||
Marmara |
485-490 |
+15 |
Thrace |
485-490 |
+20 |
Izmir |
485-490 |
+20 |
Iskenderun |
480-490 |
+10 |
The above prices, which are on the actual weight basis, excluding 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.