Local Turkish CRC market trends down

Friday, 20 May 2016 16:31:43 (GMT+3)   |   Istanbul
       

Demand in the local Turkish cold rolled coil (CRC) spot market has remained slack this week, while Turkish producers’ CRC prices have decreased by $10/mt week on week to the range of $690-710/mt ex-works, excluding 18 percent VAT, for June production. In line with the decreases in producers’ prices, CRC prices of traders in the Eregli region have decreased by $10/mt, while CRC quotations of traders in the Gebze region, which had remained unchanged last week, have decreased by $40/mt, both week on week. 
 
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
 

 Product

Price ($/mt)

Eregli

Gebze

0.6 mm CRC

700-705

705-715

0.7-2 mm CRC

640-660

670-680

 
                                                                            
The offers are on ex-warehouse basis, for May delivery, and exclude 18 percent VAT.


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