Slight demand revival in Turkish HRC market

Tuesday, 26 August 2014 17:07:54 (GMT+3)   |   Istanbul
       

While demand in the Turkish domestic hot rolled coil (HRC) spot market has indicated a very slight revival during the past week, it is still on the weak side. In the last week of the current month, transactions are being concluded just in line with needs, as stated by market sources. However, market players are optimistic because the HRC market is about to leave the holiday period behind. Prices in the Turkish domestic HRC spot market have trended sideways over the past week.

On the other hand, demand for Turkish producers' HRC has remained on the strong side. Meanwhile, the HRC list prices of Turkish producers for their domestic market are still in the range of $590-600/mt ex-works.

The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:

 Product

Price ($/mt)

Eregli

Gebze

 2-12 mm HRC

610-620

615-625

 2-12 mm HRC (for large volume  sales)

 

600-610

 1.5 mm HRS

640-650

645-655

 3-12 mm HR P&O

650-660

660-670

The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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