In the Turkish domestic wire rod market S1 grade wire rod prices are currently standing at the level of $550-570/mt ex-works, excluding VAT, on actual weight basis. Meanwhile, SG2 grade wire rod prices in Turkey are currently standing at the level of $630-640/mt ex-works, excluding VAT, on actual weight basis.
Meanwhile, it is heard that some producers (who prefer not to produce SG2 quality for the time being) have been offering at far higher price levels as compared to the abovementioned range.