Domestic wire rod prices in Turkey have gone down by $5-10/mt over the past week amid low business activity. Currently, the prices for 6-7 mm mesh quality wire rod are as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
24.09.2019 |
||
|
Marmara |
445-450 |
-5 |
|
Thrace |
445-450 |
-5 |
|
Izmir |
440-445 |
-5 |
|
Iskenderun |
440-450 |
-10 |
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.
Meanwhile, the majority of Turkey’s wire rod export prices for end of October-November shipments are standing at $435-440/mt FOB, in line with the end of last week. However, some producers voice somewhat higher levels, most probably not being in a rush to sell at the moment.