SteelOrbis

Turkish wire rod export prices move up further

Friday, 17 February 2017 14:38:43 (GMT+3)   -   Istanbul

During the past week, Turkish steel producers' wire rod export offers have increased by $20/mt to $460-470/mt FOB as a result of increased transaction activity in the export markets. Demand for Turkish wire rod in the export markets has revived amid the ongoing upward trend of scrap prices since the beginning of February, buyers' acceptance of the previous rises in Turkish wire rod quotations, and due to the prevailing expectations of a further increase in Turkish wire rod export prices. 
 

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