Demand in the Turkish domestic cold rolled coil (CRC) spot market has shown a slight revival in the past week, as buyers have accelerated their purchases, thinking that price increases in the local hot rolled coil (HRC) market may be reflected also in further rises in CRC prices, following last week's hike of $10/mt in CRC prices. However, CRC prices in the domestic spot market have remained stable in the past week.
In the meantime, Turkish producers' CRC offers are also still in the range of $680-690/mt ex-works, indicating no changes as compared to last week.
Spot CRC prices in the local Turkish market are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 730-740 | 735-745 |
0.7-2 mm CRC | 690-700 | 700-710 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.
