Over the past week, Turkish mills have mostly kept their official wire rod prices stable, while wire rod prices in the Izmir region have risen only by $5/mt. A few mills are applying aggressive pricing strategies by taking the advantage of the ongoing currency fluctuations and are offering additional discounts to serious buyers only.
One Iskenderun-based mill has kept its wire rod price stable at $650/mt ex-works today, SteelOrbis has heard.
Kardemir is still offering its price for 6-27 mm SAE 1008-1010 wire rod at $645/mt ex-works today, stable compared to Wednesday, January 10.
Most buyers are not in a rush to restock and are only buying in line with their daily needs so far.
Region |
Price ($/mt) |
Price change ($/mt) |
09.01.2024 |
||
Marmara |
650-660 |
0 |
Thrace |
635-640 |
0 |
Izmir |
630-635 |
+5 |
Iskenderun |
650 |
0 |
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.