Turkish official domestic wire rod prices follow diverse trends

Over the past week, Turkish mills in the Marmara and Izmir regions have reduced their official wire rod prices by $5-10/mt, while the official wire rod prices of mills in the rest of the country have remained stable, with sizeable discounts available for serious buyers.

One Iskenderun-based mill has kept its wire rod price stable at $615/mt ex-works over the past week.

Kardemir issued its 6-27 mm SAE 1008-1010 grade wire rod price at $600/mt ex-works on Thursday, April 25. Most local buyers are exerting pressure due to sluggish demand and the unclear financial situation in the country.

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.