Over the past week, official wire rod prices in Turkey have remained unchanged amid sluggish demand. Turkish mills are seeking to keep their list prices stable, while negotiating prices based on tonnages and payment terms.
According to sources, the workable wire rod prices in Turkey are at around $585-605/mt ex-works, depending on the region.
Turkey’s central bank is going to announce its new decision on interest rates on Thursday, September 19 and so most buyers are in wait-and-see mode for the moment.
Region |
Price ($/mt) |
Price change ($/mt) |
03.09.2024 |
||
Marmara |
600-610 |
0 |
Thrace |
610-620 |
0 |
Izmir |
585 |
0 |
Iskenderun |
590 |
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.