Prices move up in local Turkish wire rod market

Tuesday, 07 November 2017 16:33:04 (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)

31.10.2017

Marmara

560-570

7.5

Thrace

545-555

7.5

Izmir

550-560

7.5

Iskenderun

550-560

5

 

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. 

Having moved sideways since the middle of October, domestic wire rod prices in Turkey have increased over the past week. Although domestic wire rod purchases have declined slightly due to the fluctuating trend of the Turkish lira-US dollar exchange rate, it is observed that demand for domestic wire rod in Turkey is still at good levels and so Turkish wire rod producers have raised their quotations.


Similar articles

Wire rod prices in Taiwanese domestic market - week 13, 2024

29 Mar | Longs and Billet

US domestic wire rod prices still soft

28 Mar | Longs and Billet

Wire rod consumption in Mexico increases 6.5 percent in January

28 Mar | Steel News

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

UAE-based ESA cuts wire rod prices for April despite better demand

28 Mar | Longs and Billet

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Local Turkish official domestic wire rod prices follow diverse trends

26 Mar | Longs and Billet