Turkish domestic wire rod prices fall sharply in most regions

Tuesday, 09 February 2021 14:26:04 (GMT+3)   |   Istanbul
       

Today, February 9, Turkish wire rod producers have cut their domestic list prices by $17.5-35/mt week on week. However, wire rod prices in Iskenderun have remained unchanged due to extended delivery terms. Most Turkish mills are mainly offering wire rod for April delivery. Demand is moderate. Most wire rod buyers are just purchasing in line with their daily needs. Moreover, some buyers in the Iskenderun region are refraining from new purchases due to long lead times, with May delivery.

The currency fluctuations coupled with the silence in the import scrap segment have made wire rod buyers cautious and willing to wait for a while to gain a clearer picture of the market.

Region

Price ($/mt)

Price change ($/mt)

03.02.2021

Marmara

655-660

-35

Thrace

675-680

-25

Izmir

660-670

-17,5

Iskenderun

680-685

0

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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