Demand has remained weak both on the mills' side and in the spot market in the Turkish domestic cold rolled coil (CRC) market over the past two weeks, as ex-Russia hot rolled coil (HRC) offers for Turkey are in the attractive price range of $450-485/mt CFR and it is cheaper for Turkish buyers to purchase Russian HRC for rolling into CRC. Therefore, Turkish producers' offers for December production CRC have moved down by $20/mt over the past two weeks to the range of $615-620/mt ex-works.
Spot CRC prices are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 710-730 | 715-725 |
0.7-2 mm CRC | 670-680 | 680-690 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.