Over the past week, Turkish mills in the Marmara and Izmir regions have reduced their official wire rod prices by $5-10/mt, while the official wire rod prices of mills in the rest of the country have remained stable, with sizeable discounts available for serious buyers.
One Iskenderun-based mill has kept its wire rod price stable at $615/mt ex-works over the past week.
Kardemir issued its 6-27 mm SAE 1008-1010 grade wire rod price at $600/mt ex-works on Thursday, April 25. Most local buyers are exerting pressure due to sluggish demand and the unclear financial situation in the country.
|
Region |
Price ($/mt) |
Price change ($/mt) |
|
24.04.2024 |
||
|
Marmara |
630-640 |
-5 |
|
Thrace |
630-640 |
0 |
|
Izmir |
600-605 |
-10 |
|
Iskenderun |
615 |
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.