Demand is still at medium levels in the Turkish hot rolled coil (HRC) spot market, while prices have remained unchanged since last week. Supplies of HRC and hot rolled pickled and oiled coil (HR P&O) are on the tight side due mainly to delays in deliveries by producers, according to market sources. On the other hand, no tightness is observed in availability of cold rolled and coated products in the Turkish domestic flat steel market.
Demand for HRC received by Turkish mills is also still at medium levels, while the uptrend in producers' prices is believed to have come to a halt. Producers are finding it difficult to gain acceptance for their new price levels and so they are continuing to conclude deals for July production with $5-10/mt discounts. Market sources state that, with the discounts, buyers find prices levels to be satisfactory and booking activity is at decent levels. Producers' offers have remained unchanged since last week and are currently at $590-605/mt.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
2-12 mm HRC | 600-610 | 605-615 |
2-12 mm HRC (for large volume sales) | 590-600 | |
1.5 mm HRS | 630-640 | 635-645 |
3-12 mm HR P&O | 635-640 | 645-650 |
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.