Domestic wire rod prices in Turkey have decreased by $5/mt week on week due to lower import scrap quotations. Currently, the tags for 6-7 mm mesh quality wire rod are as follows:
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
04.09.2019 |
||
|
Marmara |
460-465 |
-5 |
|
Thrace |
455-460 |
-5 |
|
Izmir |
450-455 |
-5 |
|
Iskenderun |
460-465 |
-5 |
The above prices, which are on actual weight basis, exclude 18 per cent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
Moreover, Turkey’s wire rod export prices are standing at $455-465/mt FOB versus $465-470/mt FOB offered last week. Market players indicate that local wire rod buyers are exerting pressure for further decrease.