SteelOrbis has been informed by market sources that local producers’ price levels in the Turkish domestic market for 6-7 mm mesh quality wire rod have decreased by $5/mt on the lower end and are currently as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
|
09.04.2019 |
|||
|
Marmara |
520-530 |
↓ |
5 |
|
Thrace |
525-535 |
↓ |
5 |
|
Izmir |
530-550 |
0 |
|
|
Iskenderun |
525-535 |
↑ |
5 |
The above prices, which are on actual weight basis, exclude VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
Domestic wire rod prices in Turkey’s Marmara and Thrace regions have decreased over the past week due to lower import scrap quotations. However, in Turkey’s Iskenderun region, where producers have already completed their sales for June, domestic wire rod prices have increased. Market sources state that demand in the local Turkish wire rod market is at very low levels against the backdrop of the ongoing uncertainties surrounding the results of the local election held on March 31, and also due to the recent falls in scrap quotations. On the other hand, wire rod demand in Turkey is still better than domestic demand for rebar. Meanwhile, both buyers and sellers are cautious amid the rapid changes in the Turkish lira-US dollar exchange rate which have recently resulted in further depreciation of the lira.