Turkish local wire rod prices have moved up by $75-100/mt in the last two days, and are mostly for April-May delivery. The key reasons are the higher import scrap and billet prices and rapid currency fluctuations.
One Iskenderun-based mill were raised its official wire rod price by $80/mt to $940/mt ex-works this morning for May delivery and rising by another $20/mt to $960/mt ex-works in the afternoon. Another mill in the region has closed its wire rod sales and expected to announce its wire rod price by tomorrow.
Region |
Price ($/mt) |
Price change ($/mt) |
01.03.2022 |
||
Marmara |
940-945 |
+75 |
Thrace |
930-935 |
+85 |
Izmir |
900-910 |
+75 |
Iskenderun |
960-N/A |
+100 |
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.