Strong demand in Turkish HRC market

Wednesday, 10 September 2014 18:08:57 (GMT+3)   |   Istanbul
       

The demand revival which started two weeks ago in the local Turkish hot rolled coil (HRC) market has continued over the past week, with demand now at strong levels. Additionally, HRC prices in the local Turkish market have remained unchanged over the same period. Traders in the market state that Turkish producers are expected to increase their HRC prices for November production and hence prices in the spot market are also expected to increase in the short run.

Meanwhile, demand for Turkish producers' HRC has remained on the strong side. The HRC list prices of Turkish producers for their domestic market are still in the range of $590-600/mt ex-works. Market sources report that Ukrainian HRC offers to the Turkish market have had no impact on the demand for local products. Turkish buyers have found Ukrainian offers to be on the high side, while volumes offered to Turkey have been lower compared to July, before Metinvest suspended its exports.

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.   

.


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

UAE’s HRC market still sluggish, offers from India fall slightly

27 Mar | Flats and Slab

Import HRC prices in Vietnam retreat again due to slump in China

27 Mar | Flats and Slab

Vietnam’s Hoa Phat produces nine millionth mt of HRC

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

HRC consumption in Mexico up 30.6 percent in January

26 Mar | Steel News

Local HRC prices sink further in Turkey

26 Mar | Flats and Slab

Import HRC prices to Pakistan decline in new ex-China offers, other suppliers avoid discounts

26 Mar | Flats and Slab

Ex-India HRC prices soften slightly amid slow demand globally

26 Mar | Flats and Slab

Mood among Chinese HRC exporters worsens again after slight rise last week

26 Mar | Flats and Slab