Over the past week, official wire rod prices in Turkey have mostly decreased by $5-10/mt, while remaining stable in the Thrace region, amid the sluggish demand and the negative sentiment in the import scrap segment.
According to sources, the workable wire rod prices in Turkey are at around $625-640/mt ex-works, depending on the region, with additional discounts applicable for serious buyers only.
One Iskenderun-based mill has issued its wire rod price at $630/mt ex-works today, October 22. Most local buyers are taking their time before concluding new purchases.
Region |
Price ($/mt) |
Price change ($/mt) |
15.10.2024 |
||
Marmara |
635-645 |
-5 |
Thrace |
625-630 |
0 |
Izmir |
625-630 |
-10 |
Iskenderun |
630 |
-10 |
The above prices, which are on actual weight basis, exclude 20 percent VAT and are on ex-works basis. The offers may differ depending on the buyers and order sizes.