Most of coated and cold rolled coil (CRC) market players in Turkey have reported reduced business activity, particularly for exports due to a downturn in the EU. In the domestic market, buyers’ restocking activities have been at a reduced pace due to financial issues, low end-user demand and a lack of confidence in prices. As a result, most re-rollers are keeping their official prices stable but are reported to be ready to provide sizeable discounts.
In the coated steel segment, hot dip galvanized (HDG) base prices are at $900-940/mt ex-works, but levels $10-20/mt lower are considered possible. Prices for Z60-70 material, according to buyers, can be obtained at $860-870/mt ex-works. In the PPGI segment, prices have softened by $5-10/mt over the past week to $1,000-1,045/mt ex-works, SteelOrbis has learned.
CRC prices in the domestic market are now at $820-840/mt ex-works, with $10/mt discounts possible, while for export the levels can go as low as $800-820/mt FOB.