Turkish domestic wire rod prices mostly stable

Tuesday, 15 March 2022 14:24:29 (GMT+3)   |   Istanbul
       

Wire rod prices in Turkey have mostly remained stable since the end of last week. One Izmir-based has raised its wire rod price by $10/mt over the same period. Icdas opened its wire rod sales at $1,050/mt ex-works yesterday and kept its wire rod price stable during the day. Turkish mills are mainly offering wire rod for late May-June delivery. Icdas is expected to commission its wire rod production line by the end of this month. A few welded wire mesh producers have succeeded in selling high volumes to the European Union, and also to the UK, which is a positive sign for the demand side. A few wire rod buyers are waiting for the interest rate decision of Turkey’s central bank due on Thursday, March 17, before restocking.

One Iskenderun-based mill kept its official wire rod price at $1,125/mt ex-works for limited tonnages to be delivered in May.  Another mill in the region has still kept its wire rod sales closed for now.

Region

Price ($/mt)

Price change ($/mt)

11.03.2022

Marmara

1,085-1,090

0

Thrace

1,045-1,050

N/A

Izmir

1,020-1,030

+10

Iskenderun

1,125-N/A

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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