Turkish WR for Mediterranean

Turkish producers are offering mesh quality wire rods to the Mediterranean region at $470-475/mt FOB on actual weight basis for December shipments. The European wire rod market seems particularly calm. Buyers in the Iberian Peninsula are not showing interest in these offers as they can find a price range of Euro 420-425/mt delivered to customers' premises in their home market. This pressure may reduce Turkish wire rod prices to $460-465/mt FOB levels.