Turkish steel mills increase their wire rod export prices

Friday, 10 November 2017 13:38:08 (GMT+3)   |   Istanbul
       

It is reported that the volume of wire rod supply in Turkey has declined over the past week as demand for Turkish wire rod in the export markets has remained at good levels, while Turkish mills are already working at full production capacity. Against this backdrop, Turkish wire rod export offers have increased by $10/mt on the lower end week on week to $550-560/mt FOB, despite the declines recorded in import scrap and billet quotations in Turkey. Additionally, it is heard that a steel producer in Turkey’s Iskenderun region has concluded a wire rod export sale this week at $560/mt FOB.

 


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