TURKEY LONG STEEL EXPORTS: Wire rod price nosedives on weak demand, falling scrap costs

Turkish export wire rod prices have plunged over the past week due to sluggish demand and falling raw material costs, sources said on Thursday September 5.

Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), export, fob main port Turkey, was $455-465 per tonne on Thursday, down from last week’s $480-490 per tonne fob. Turkish producers have reduced their offers for exports to $460-465 per tonne fob, from last week’s $490 per tonne, in an attempt to generate...

Published

Vlada Novokreshchenova

September 06, 2019

12:35 GMT

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