Turkish domestic wire rod prices have risen sharply week on week in the Iskenderun region amid costlier scrap and extended delivery period. In addition, wire rod prices have remained unchanged in the rest of the country. Most mills are offering material for December delivery. Turkish suppliers are attempting to keep their wire rod prices stable amid the unclear financial situation in the country and are monitoring developments in the raw material segment. Special discounts are applicable for serious buyers. Most local buyers are postponing new purchases for now.
One Iskenderun-based mill increased its wire rod prices by $15/mt to $865/mt ex-works on Wednesday, October 20 and raised its wire rod price by another $15/mt to $880/mt ex-works today. The main reasons are costlier scrap and the fact that the material is being offered for February delivery.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
19.10.2021 |
||
|
Marmara |
870-875 |
0 |
|
Thrace |
850-855 |
0 |
|
Izmir |
850-860 |
0 |
|
Iskenderun |
880 |
+30 |
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.