Over the past week, Turkish mills have decreased their wire rod prices on average by $2.5-10/mt amid the negative sentiment in the import scrap segment. Sources report a few mills are still applying aggressive pricing policies in order to generate sales before Ramadan and are offering additional discounts for serious buyers.
One Iskenderun-based mill has also decreased its wire rod price, by $10/mt to $630/mt ex-works over the past week.
The general sentiment on the demand side is negative and most buyers are exerting pressure for additional discounts.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
27.02.2024 |
||
|
Marmara |
635-640 |
-10 |
|
Thrace |
630-640 |
-2,5 |
|
Izmir |
615-620 |
-5 |
|
Iskenderun |
630 |
-10 |