Over the past week, Turkish domestic official wire rod prices have mostly increased by $20-25/mt in the Marmara and Iskenderun regions amid currency fluctuations and higher import scrap prices. Wire rod prices are also expected to increase soon in the rest of the country.
Most Turkish mills are offering for February delivery, while a limited tonnage is available from stocks, depending on the size and quality. One Iskenderun-based mill has kept its wire rod price stable at $745/mt ex-works today. Another mill in the region has hiked its wire rod price by $5/mt to $745/mt ex-works today.
Kardemir's 6-27 mm wire rod of SAE 1008-1010 grade price has also raised its wire rod price by $15/mt to $725/mt ex-works on the same day.
“Demand is sluggish due to adverse weather conditions in Anatolia, which leads to slowness at construction projects,” one source mentioned.
Region |
Price ($/mt) |
Price change ($/mt) |
23.01.2023 |
||
Marmara |
745-750 |
+20 |
Thrace |
725-730 |
0 |
Izmir |
735-740 |
0 |
Iskenderun |
745 |
+25 |
The above prices, which are on actual weight basis, exclude 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.
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