Turkish domestic wire rod prices have remained unchanged on US dollar basis week on week amid currency fluctuations and relatively tighter supply resulting from ongoing export shipments. In addition, Turkish suppliers are expected to revise their wire rod prices upward soon due to the relatively positive sentiment in the import scrap segment.
Most suppliers are offering material for November delivery, while a few mills are quoting for December delivery.
One Iskenderun-based mill is still only quoting drawing grade wire rod to the local market. The supplier’s official 5.5-6 mm SAE 1006 grade wire rod price is currently at $800-810/mt ex-works. Moreover, another mill in the same region has kept its mesh grade wire rod prices at $790/mt ex-works for early December delivery over the past week.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
28.09.2021 |
||
|
Marmara |
785-790 |
0 |
|
Thrace |
770-775 |
0 |
|
Izmir |
750-760 |
0 |
|
Iskenderun |
790 |
0 |
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.