Wire rod prices in Turkey have decreased significantly, especially in the Iskenderun region this week amid the rapid depreciation of the Turkish lira against the US dollar. As a result, Turkish mills are applying special discounts in order to provide support for serious buyers amid rapid currency fluctuations. Most buyers are delaying new purchases given the unclear financial situation in Turkey.
Most suppliers are still quoting for January delivery, while a limited tonnage is available for late December delivery.
One Iskenderun-based mill cut its wire rod price yesterday by $20/mt to $800/mt ex-works, as compared to Monday, November 22, and today it has kept its wire rod price stable for February deliveries.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
17.11.2021 |
||
|
Marmara |
845-850 |
-10 |
|
Thrace |
850 |
-2,5 |
|
Izmir |
835-845 |
-5 |
|
Iskenderun |
800-860 |
-25 |
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.