Ex-Russia HRC offers negatively impact Turkish CRC market

Thursday, 18 December 2014 17:05:12 (GMT+3) | Istanbul

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)
Product	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.

Tags: Crc Hrc Flats Russia Turkey Europe Steelmaking

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Ex-Russia HRC offers negatively impact Turkish CRC market

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