Turkish HRC, HR P&O and CRC spot prices decline

Tuesday, 22 May 2012 17:04:54 (GMT+3)   |  
In this week's Turkish domestic flat steel market, while traders' hot rolled steel prices have decreased by $10-20/mt as compared to last week, cold rolled coil (CRC) prices have been unable to maintain resistance in the face of weak demand and so have softened by $10-15/mt as compared to last week. After these declines, the Turkish flat steel market revived slightly in terms of market activities. In addition, if expected further price cuts from mills materialize, demand will likely show some recovery ahead of Ramadan and the summer maintenance period for the automotive sector.   

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:

 Product

Price ($/mt)

Eregli

Gebze

2-12 mm HRC

670-685

670-685

1.5 mm HRS

720-730

725-735

3-12 mm HR P&O

690-700

690-710

0.6 mm CRC

820-830

820-830

0.7-2 mm CRC

770-785

770-790

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


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