Most Turkish wire rod producers have decreased their official domestic offers mainly by $5/mt over the past week, though in the Iskenderun region the decline has been a bit more sizeable. Sources report that special discounts are available for serious buyers. Although Iskenderun-based mills have longer lead times, most wire rod buyers are in wait-and-see mode due to concerns over the coronavirus in Turkey and currency fluctuations.
Local mill Kardemir is currently offering 6-28 mm SAE 1008-1010 wire rod at TRY 2,870/mt ($468/mt) ex-works, which is within the general price range of $460-475/mt ex-works in Turkey for 6-7 mm wire rod.
Currently, the local offers for 6-7 mm mesh quality wire rod are as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
06.03.2020 |
||
|
Marmara |
465-470 |
-5 |
|
Thrace |
460-465 |
-5 |
|
Izmir |
460-465 |
-5 |
|
Iskenderun |
465-475 |
-10/-5 |
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.