According to market sources, prices in the Turkish domestic cold rolled coil (CRC) market have remained stable over the past week at $450-470/mt ex-works, excluding 18 percent VAT, for November production. Meanwhile, demand in the local Turkish CRC market is weak since Turkish buyers are still postponing their bookings except for immediate needs amid political and economic uncertainty in the country.
Spot CRC prices in the local Turkish market for October delivery are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 535-550 | 530-555 |
0.7-2 mm CRC | 490-505 | 500-515 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.