Buyers in the local Turkish cold rolled coil (CRC) spot market are still cautious about concluding new bookings and are adopting a wait-and-see stance amid political tensions in the country. As a result, demand in the market is still weak, just like in previous weeks. However, since producers’ hot rolled coil (HRC) prices have remained stable this week, CRC producers and traders have maintained their price levels unchanged. Accordingly, Turkish CRC producers’ offers to their local market have remained stable at $500-540/mt ex-works.
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
570-590 |
580-600 |
0.7-2 mm CRC |
540-560 |
550-570 |
The offers are on ex-warehouse basis, for August delivery, and exclude 18 percent VAT.