Over the past week, official wire rod prices in Turkey have fallen by $5-15/mt against the backdrop of sluggish demand and weaker import scrap prices.
According to sources, the workable wire rod prices in Turkey are at around $585-600/mt ex-works, depending on the region, down by $10/mt over the same period.
One Iskenderun-based mill has issued its wire rod price at $610/mt ex-works today.
The general sentiment on the demand side is negative amid the adverse weather conditions and the negative sentiment in the import scrap segment.
Region |
Price ($/mt) |
Price change ($/mt) |
19.11.2024 |
||
Marmara |
600-605 |
-5 |
Thrace |
595-600 |
-10 |
Izmir |
585-590 |
-10 |
Iskenderun |
610 |
-15 |
The above prices, which are on actual weight basis, exclude 20 percent VAT and are on ex-works basis. The offers may differ depending on the buyers and order sizes.
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