Hot rolled coil (HRC) demand in the local Turkish market, having weakened last month, has returned to its previous medium levels at the start of June, in line with market players' expectations. Market sources report that deliveries are being delayed by the producers again and that the occasional tightness observed in availability of HRC and hot rolled pickled and oiled coil over the past month has once again surfaced in the market.
The improved demand and the stability of scrap prices have been providing support for Turkish producers' HRC prices despite the decreases recorded in iron ore prices. Producers' prices are at $590-605/mt, while discounts are available to certain buyers and depending on tonnages.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product | Price ($/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 | 635-640 | 645-650 |
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.