The export price level of mesh quality wire rod in Turkey is being quoted at $760-770/mt FOB for April shipments, while drawing quality wire rod is being quoted at $770-780/mt FOB for shipments in the same month.
Turkish producers have been increasing their prices in recent times due to sales to Europe and the US. In addition, SteelOrbis has been informed that some producers have filled their order books for April shipments and have now started to discuss orders for May. The latest drawing and mesh quality wire rod deals concluded to Europe and the US were at the price level of $750-760/mt FOB. It is reported that exports to the Far East and Southeast Asian markets may gain momentum following the announcement of the iron ore price increases.