Prices move sideways in local Turkish wire rod market

Tuesday, 15 January 2019 15:12:04 (GMT+3)   |   Istanbul
       

SteelOrbis has been informed by market sources that local producers’ price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod are as follows: 

Region

Price ($/mt)

Price change ($/mt)

08.01.2019

Marmara

495-500

 

0

Thrace

490-495

 

0

Izmir

495-500

 

0

Iskenderun

485-490

 

0

 

The above prices, which are on actual weight basis, exclude VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes. 

During the past week, Turkish wire rod producers’ domestic sales have increased slightly, while their sales to the African market have also continued. The downward pressure on global wire rod prices has negatively influenced both Turkey’s domestic and export offers. Due to the sluggishness in Turkey’s construction sector, demand particularly for SAE 1006 grade wire rod is quite low. Meanwhile, domestic prices in Turkey for 6-7 mm mesh quality wire rod have remained stable during the past week.


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