Due to lower scrap quotations and the weakness of demand, domestic wire rod prices in Turkey have mostly decreased by $5/mt week on week, except of İskenderun where prices have indicated a $5/mt fall only on the lower end. Currently, the prices for 6-7 mm mesh quality wire rod are as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
17.09.2019 |
||
|
Marmara |
450-455 |
-5 |
|
Thrace |
450-455 |
-5 |
|
Izmir |
445-450 |
-5 |
|
Iskenderun |
450-460 |
-5 (lower end) |
The above prices, which are on actual weight basis, exclude 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
Meanwhile, Turkey’s wire rod export prices for October shipment are standing at $440-450/mt FOB, versus $450-465/mt FOB offered last week.