Turkish domestic wire rod prices revised in two regions

Wire rod prices in Turkey have risen by $5-10/mt in Marmara and Iskenderun regions due to the extended delivery terms, end of November- early December delivery over the week, while offers in the Izmir and Thrace region have remained unchanged on US dollar basis. Sources report, additional discount is applicable for serious buyers.

According to sources, wire rod delivery terms are extended due to Turkish producers’ ongoing export bookings, specifically in Izmir region although wire rod offers are present, material availability is limited. In Iskenderun region, one supplier has closed its official mesh grade wire rod sales and started only quoting drawing grade wire rod to the local market since Wednesday, September 22. The supplier’s official 5.5-6 mm SAE 1006 grade wire rod price is currently at $785-795/mt ex-works. Moreover, another mill in the same region has opened its mesh grade wire rod sales at $790/mt ex-works for early December delivery this week.

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.