Flat steel spot prices in the Turkish domestic market succumbed to the negative impact of Turkish mills' price cuts, with prices declining by $5-10/mt in the past week and eventually entering a sideways trend this week. The erosion in mills' prices still continues, while the spot market is stable for the moment but may be vulnerable to downward pressure. In addition, poor demand has also put pressure on the spot market.
The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
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 and desired charts can be created and used in reports or presentations.