Turkish local wire rod prices mainly decrease slightly

Turkish local wire rod prices have mostly decreased by $5/mt in the Marmara and Izmir region as the week begins. The wire rod prices in Thrace region has remained unchanged on US dollar basis for now and the mills in Iskenderun region have closed their wire rod sales, with one of the mills announcing that it will not be opening wire rod sales until Tuesday, August 31. Turkish mills are trying to maintain their wire rod prices due to the limited supply and their ongoing wire rod export order deliveries depending on the region. According to sources, most mills are offering for October delivery, while a few mills have started voicing late October-early November delivery for fresh production. The local demand is silent as the week has just begun.

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.