Turkey’s local and export wire rod prices soften

Tuesday, 24 September 2019 15:59:28 (GMT+3)   |   Istanbul
       

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.


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