SteelOrbis has learned from market sources that Turkish wire rod export prices have softened by $5/mt since last week and are now standing at $575-580/mt FOB.
Market sources state that, on the back of improvements in the European construction sector, demand coming from this region has shown a slight recovery, but demand levels in the Middle East and North Africa are still slack. As scrap prices have declined as expected and also due to the approach of the Feast of Sacrifice holiday (October 15-18), no improvement is expected in Turkey’s wire rod export prices in the short term.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.