Turkish mills have mostly decreased their official wire rod prices by $13-20/mt over the past week amid the negative sentiment in the import scrap segment and sluggish demand. Kardemir’s wire rod sales are still open, with its 6-27 mm wire rod price at $575/mt ex-works.
An Iskenderun-based mill issued its official wire rod price today at TRY 15,660/mt ($580/mt) ex-works yesterday. One Marmara-based mill has kept its wire rod price stable so far. The exchange rate is taken as $1 = TRY 26.96 for today's pricing in the Iskenderun region as no other exchange rate has been specified locally. Sources report additional discounts are applicable for serious buyers.
Most suppliers are offering for August delivery, while a limited tonnage is available from stocks.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
18.07.2023 |
||
|
Marmara |
635-640 |
0 |
|
Thrace |
585-590 |
-15 |
|
Izmir |
580-585 |
-20 |
|
Iskenderun |
580 |
-13 |
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 buyers and order sizes.