Over the past week, Turkish mills have increased their official wire rod prices by $10/mt in the Izmir and Marmara regions, while wire rod prices in the Thrace region have remained stable. Additional discounts are applicable for serious buyers.
One Iskenderun-based mill was offering wire rod at $640/mt ex-works yesterday, January 8, and has raised its wire rod price by $10/mt to $650/mt ex-works today, SteelOrbis has heard.
Kardemir is still offering its price for 6-27 mm SAE 1008-1010 wire rod at $630/mt ex-works today, stable compared to Thursday, January 4.
Most mills are attempting to increase their wire rod prices, while most buyers are in wait-and-see mode and are taking their time monitoring import scrap and billet prices.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
02.01.2024 |
||
|
Marmara |
650-660 |
+10 |
|
Thrace |
635-640 |
0 |
|
Izmir |
625-630 |
+10 |
|
Iskenderun |
650 |
N/A |
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 buyers and order sizes.