High-priced inventories squeeze profit margins in Turkish flat steel spot market

Tuesday, 14 May 2013 16:35:49 (GMT+3)   |   Istanbul
Low availability has still remained a problem in the Turkish domestic flat steel market, where prices have not indicated any changes since last week, while higher-priced inventories have contributed to reduced profit margins. In the meantime, sales at cost levels have been more widespread in the spot market, while traders are still hesitating to place orders from mills as producers' prices have declined in succession.

Even though mills' current hot rolled coil (HRC) offers are not considered to be on the high side at the moment, poor demand has created expectations for further price cuts, and so traders have been trying to keep their orders to a minimum.

The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:

 Product

Price ($/mt)

Eregli

Gebze

2-12 mm HRC

610-615

610-620

1.5 mm HRS

650-660

655-670

3-12 mm HR P&O

680-690

680-690

0.6 mm CRC

780-790

785-790

0.7-2 mm CRC

750-755

750-760

The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.

Weekly price movements' of different steel products in some major markets can be viewed comparatively at SteelOrbis Historical Steel Prices section, thanks to indexes market trends can be seen clearer and you can enjoy creating charts and use them in your reports or in presentations.     


Similar articles

Import HRC prices adjusted in Turkey, China still not favored

15 Aug | Flats and Slab

Turkey’s coated and CR pricing weak amid dull demand, lower HRC expectations

08 Aug | Flats and Slab

Coated and CR prices rebound in Turkey amid stronger China, but demand still tepid

22 Jul | Flats and Slab

HRC, coated and CR pricing mainly weak in Turkey due to low demand

11 Jul | Flats and Slab

Turkish flats spot prices decline influenced by HRC prices, sluggish demand

15 May | Flats and Slab

Turkish flats spot prices stable, market expects softening next week

17 Apr | Flats and Slab

Turkish flat steel spot traders keep prices stable amid price hikes in HRC

10 Apr | Flats and Slab

Price gap between local and import HRC widens in Turkey

09 Apr | Flats and Slab

Turkish HRS spot prices rise on back of HRC prices, but demand fails to improve

26 Mar | Flats and Slab

Turkish flats spot prices rise amid HRC mills’ higher prices

12 Mar | Flats and Slab

Marketplace Offers

Hot Rolled Coil
Thickness:  1.5 - 25 mm
Width:  1,000 - 1,500 mm
Coil:   R
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Cold Rolled Coil
Thickness:  0.4 - 2.5 mm
Width:  1,000 - 1,500 mm
Coil:   R
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Hot Rolled Coil
Thickness:  0.8 - 5 mm
Width:  1,150 - 1,850 mm
Coil:   R
SAMBHV SPONGE POWER LIMITED