According to market sources, prices in the Turkish domestic cold rolled coil (CRC) market have decreased by $20/mt over the past week to $430-450/mt ex-works, excluding 18 percent VAT, for November production. Demand in the local Turkish CRC market is still weak, while buyers continue to conclude bookings only in order to meet their immediate needs.
Meanwhile, spot CRC prices in the local Turkish market have decreased by $25/mt over the past week for October delivery and now are as follows:
The offers are on ex-warehouse basis and exclude 18 percent VAT.