Turkish mills have decreased their official wire rod prices by $6-25/mt amid the recent increase in VAT rate and sluggish demand. Kardemir’s wire rod sales are still open, with its 6-27 mm wire rod price at $625/mt ex-works.
An Iskenderun-based mill has issued its official wire rod price today at TRY 15,900/mt ($609/mt) ex-works. One Marmara-based mill has cut its wire rod price by $20/mt this week. The exchange rate is taken as $1 = TRY 26,10 for today’s pricing in the Iskenderun region as no other exchange rate has been specified locally.
Most suppliers are offering for end of July-August delivery, while a limited tonnage is available from stocks. Most local buyers exert pressure for additional discounts.
Region |
Price ($/mt) |
Price change ($/mt) |
04.07.2023 |
||
Marmara |
645-650 |
-20 |
Thrace |
625-630 |
-10 |
Izmir |
615-620 |
-25 |
Iskenderun |
609 |
-6 |
The above prices, which are on actual weight basis, exclude 20 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
.jpeg)