According to market sources, demand in the Turkish domestic cold rolled coil (CRC) market is still on the weak side, while prices in the spot market have remained stable during the past week. Also, market players are still experiencing cash flow problems in the spot market. Meanwhile, Turkish producers' CRC prices have remained unchanged over the past week in the range of $400-420/mt ex-works, excluding 18 percent VAT, and for February production.
Currently, traders' CRC prices in the local Turkish spot market are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 470-490 | 475-485 |
0.7-2 mm CRC | 430-440 | 440-450 |
The offers are on ex-warehouse basis, for January delivery, and exclude 18 percent VAT.