Turkish mills are trying to maintain their official local wire rod prices as international demand for wire rod is currently somewhat better than that for rebar. However, Turkish wire rod buyers are exerting pressure for further discounts amid the negative sentiment in the import scrap segment. As a result, special discounts are applicable for serious buyers.
Mills in the regions of Marmara and Thrace are trying to keep their wire rod prices stable due to their ongoing export orders. In addition, one Iskenderun-based mill has decreased its wire rod prices by $10/mt since the beginning of this week and another Izmir-based mill as well as an Iskenderun-based mill have cut their wire rod prices by just $5/mt over the same period. Most mills are still offering fresh production for October delivery, while limited tonnage is also available for late September delivery.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
09.08.2021 |
||
|
Marmara |
805-810 |
0 |
|
Thrace |
805-810 |
0 |
|
Izmir |
775-785 |
-5 |
|
Iskenderun |
780-810 |
-7.5 |
The above prices, which are on actual weight basis, exclude 18 percent VAT and are on ex-works basis. The offers may differ depending on buyers and order sizes.