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) |
|
|
13.11.2018 |
|||
|
Marmara |
540-550 |
0 |
|
|
Thrace |
535-540 |
0 |
|
|
Izmir |
535-545 |
0 |
|
|
Iskenderun |
535-545 |
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.
Over the past week, buyers in the local Turkish wire rod market have continued to adopt a cautious stance and to make bookings only to meet their immediate needs, due to the high volatility of the US dollar-Turkish lira exchange rate and since Chinese wire rod suppliers’ export quotations have decreased to $520-530/mt FOB. However, Turkish wire rod produces have been unwilling to decrease their prices since import scrap prices have remained strong and prices in the local Turkish wire rod market have remained unchanged week on week.