Turkish mills have mostly decreased their wire rod prices by $5-35/mt to $665-675/mt ex-works over the past week. Kardemir announced its 6-27 mm wire rod price at $685/mt ex-works on Thursday, April 27, and has kept its wire rod price stable since then, which seems a bit high in the current market conditions. Icdas raised its official wire rod price by $5/mt to $675/mt ex-works today due to the recent import scrap deals. An Iskenderun-based mill has issued its official wire rod price today at TRY 13,000/mt ex-works, excluding VAT today, falling by $35/mt over the same period. A few wire rod buyers have sufficient stocks, so they are not eager to replenish stocks for now.
Most suppliers are offering for May delivery, while a limited tonnage is available from stocks.
Region |
Price ($/mt) |
Price change ($/mt) |
03.05.2023 |
||
Marmara |
665-670 |
-30 |
Thrace |
670-675 |
+5 |
Izmir |
665 |
-5 |
Iskenderun |
665 |
-35 |
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.
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