Turkish domestic wire rod prices increase in some regions

Tuesday, 06 November 2018 14:53:02 (GMT+3)   |   Istanbul
       

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 are as follows:

Region

Price ($/mt)

Price change ($/mt)

30.10.2018

Marmara

540-550

 

0

Thrace

535-540

 

0

Izmir

535-545

5

Iskenderun

535-545

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. 

It is observed that purchases in the local Turkish wire rod market have been made only in line with needs as buyers are avoiding restocking since they have failed to gain a clearer picture of the future trend of the market. On the other hand, some Turkish wire rod mills have reflected higher production costs due to increased scrap quotations in their domestic wire rod offers. In this context, domestic wire rod prices have indicated diverse trends in the various regions of Turkey.

Accordingly, domestic wire rod prices in Turkey’s Izmir and Iskenderun regions have increased week on week, while quotations in the Marmara and Thrace regions have remained stable over the past seven days. Meanwhile, Turkish wire rod producers have withdrawn discounts, while indicating that they have only reflected some of the increase in their production costs in prices in some regions, while they have not yet reflected them in prices in other regions.


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