Turkish WR offers for Mediterranean

Turkish producers mesh quality wire rod offers for the Mediterranean were in the $475-480/mt FOB for December shipments last week. Turkish producers are having difficulties in their Mediterranean wire rod exports due to the Chinese pressure that has been exerting itself in the area for a long time now. The Chinese producers are practically dominating the big European ports. Turkish and Egyptian producers are in competition in the small European ports, while Turkish, Egyptian and Ukrainian producers are in competition in the Middle East and North African ports.