Erdemir adjusts local HRC and CRC prices upwards

Tuesday, 20 December 2011 12:26:18 (GMT+3)   |  
       

SteelOrbis has learned that major Turkish steel producer Erdemir has increased its domestic hot rolled coil (HRC) and cold rolled coil (CRC) prices by about $20-30/mt.
 
Accordingly, Erdemir is now offering February production HRC to its local market at $650/mt, and CRC at $780/mt, both ex-works.
 
While it is yet to be seen whether this price move will gain acceptance in the market, it is thought that it may trigger transaction activity.

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