Turkish WR offer for export

SteelOrbis has heard that Turkish mills are offering mesh quality wire rods for export in a price range of $480-485/mt FOB on actual weight basis for October / early November shipments. The slowdown in the US market and the holiday in most of the Southern Europe put Turkish mills into a rough situation. Furthermore, Chinese low-priced offers to Europe and Middle East and Mittal Steel Kriviy Rih's low offers to Middle East may also handicap Turkish mills. Despite the intense competition, some bookings maybe heard in Iberia as of early September.