Over the past week, official wire rod prices in Turkey have remained stable in the Thrace and Iskenderun regions, while falling by $5/mt in the rest of the country. However, it is worth mentioning that, due to the negative sentiment in the import scrap segment, official wire rod prices may soften in the short term.
According to sources, the workable wire rod prices in Turkey are at around $585-605/mt ex-works, also down by $5/mt over the past week, depending on the region.
The Turkish Central Bank has kept its interest rate at 50 percent today. Most buyers are monitoring the import scrap price trend and are only purchasing in line with their daily needs so far.
Region |
Price ($/mt) |
Price change ($/mt) |
13.08.2024 |
||
Marmara |
600-610 |
-5 |
Thrace |
610-620 |
0 |
Izmir |
580-585 |
-5 |
Iskenderun |
600 |
0 |
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.