[SMM Iron & Steel] Turkish Wire Rod Prices Shed $10/t FOB as Exporters Battle Shrinking Overseas Bookings

Published: Jun 22, 2026 10:43

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Turkish wire rod export prices recorded a notable decline to $590–$600 per metric ton FOB, marking a crisp $10/t drop within a single trading block. Concurrently, finished Turkish merchant rebar prices fell to $585–$600 per metric ton FOB. Regional mill managers verified that with international buyers entirely withdrawing from the market ahead of the July 1 import quota restructurings in Europe and the US, long steel manufacturers are facing a total evaporation of foreign bookings, forcing intense price discounting to capture minimal liquidity.

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