During the past month, demand in the Turkish domestic steel plate spot market has remained slack and has even softened further. Besides the ongoing declines recorded in hot rolled coil (HRC) quotations since the beginning of May, transaction activity in the local Turkish steel plate market had slowed down during Ramadan and so buyers are still expecting a further decline in domestic steel plate prices and are postponing their purchases. Under these circumstances, prices in the Turkish domestic steel plate spot market have fallen month on month.
SteelOrbis has learned that traders' prices for stock material St37 grade steel plate in Turkey's Gebze and Eregli regions for July deliveries are as follows:
Thickness x width | Price ($/mt) | |
Gebze | Eregli | |
4-12 mm x 1,500 mm | 495-505 | |
15-40 mm x 1,500 mm | 510-520 | 490-500 |
15-40 mm x 2,000 mm | 520-530 | 500-510 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.