In the last seven days, demand in the Turkish hot rolled coil (HRC) spot market, which was already weak, has slowed down and stagnated. HRC prices in the Turkish domestic market have remained unchanged over the past week, while demand is expected to improve after the Ramadan holiday.
Turkish producers' local prices have trended sideways over the same period, while demand for Turkish producers' products has remained weak. Turkish producers' HRC prices are in the range of $590-600/mt ex-works.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
2-12 mm HRC | 600-610 | 605-615 |
2-12 mm HRC (for large volume sales) | 590-600 | |
1.5 mm HRS | 630-640 | 635-645 |
3-12 mm HR P&O | 645-650 | 655-660 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.