Local Turkish official wire rod prices stable, demand sluggish

Wednesday, 24 April 2024 15:25:17 (GMT+3)   |   Istanbul
       

Over the past week, Turkish mills have mostly kept their official wire rod prices stable, while additional sizeable discounts available for serious buyers.

One Iskenderun-based mill has kept its wire rod price stable at $615/mt ex-works since it increased its price by $5/mt on Wednesday, April 17.

Most market players are in wait-and-see mode ahead of the Turkish central bank's interest rate decision due tomorrow, April 25.

Region

Price ($/mt)

Price change ($/mt)

16.04.2024

Marmara

635-645

0

Thrace

630-640

0

Izmir

610-615

0

Iskenderun

615

+5

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.


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