Today, November 27, Turkish mills have hiked their domestic wire rod prices on US dollar basis by $15-32.5/mt as compared to Tuesday, November 24, amid stronger import scrap prices. In addition, the very tight wire rod supply allocation due to ongoing maintenance works at one Turkish mill has been reflected in a significant hike in price. Most mills are offering material for late February-March delivery.
Local Turkish wire rod buyers are maintaining a wait-and-see stance and continue to purchase just in line with their daily needs.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
24.11.2020 |
||
|
Marmara |
620-630 |
+17.5 |
|
Thrace |
610-615 |
+15 |
|
Izmir |
600-605 |
+20 |
|
Iskenderun |
625-630 |
+32.5 |
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.