Turkish WR offer for Spain, Portugal

SteelOrbis has heard that Turkish mills offer mesh quality wire rods to Spain and Portugal at $560-565/mt CFR on actual weight basis for late August/early September shipments. Spanish and Portuguese traders are cautious about the high quantity of Chinese low-price wire rods that will enter to the Southern Europe especially in July. Furthermore, importers' demand slowed down slightly due to the approaching holiday period.