Over the past week, Turkish mills have cut their wire rod prices on average by $10-15/mt against the backdrop of weaker import scrap prices and sluggish demand. Sources report a few mills are applying aggressive pricing policies in order to generate sales before Ramadan and are offering additional discounts for serious buyers. As a result, a few mills are even testing prices below $620/mt ex-works, SteelOrbis has heard.
One Iskenderun-based mill has also cut its wire rod price by $10/mt to $640/mt ex-works over the past week.
Region |
Price ($/mt) |
Price change ($/mt) |
20.02.2024 |
||
Marmara |
645-650 |
-12,5 |
Thrace |
635-640 |
-10 |
Izmir |
620-625 |
-15 |
Iskenderun |
640 |
-10 |
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