Turkish HRC market awaits price increase

Thursday, 16 February 2017 16:15:45 (GMT+3)   |   Istanbul
       

During the past week, demand from buyers for domestic producers’ products in the local Turkish hot rolled coil (HRC) market has continued to remained weak, while Turkish mills have been preparing to increase their prices with the support of rising raw material prices, and also on the back of improved export orders. However, producers’ domestic HRC prices have remained in the range of $520-550/mt ex-works for the time being. 
 
In the local Turkish HRC spot market, buyers are still making purchases only to meet their immediate needs, while the HRC prices of traders have remained stable amid ongoing cash flow problems. 
 
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

540-550

550-570

 1.5 mm HRS

580-590

595-615

 2-12 mm HRC (for large tonnages)

 

530-540

 3-12 mm HR P&O

570-580

590-620

 

Similar articles

US HDG imports up 10.6 percent in February

28 Mar | Steel News

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Chinese HDG export prices mainly stable, with negative bias in some offers

28 Mar | Flats and Slab

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

HDG consumption in Mexico up 12.0 percent in January

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Ex-India HDG prices stable due to silent trade amid multiple cheaper alternatives for buyers

21 Mar | Flats and Slab

Chinese HDG export prices fall slightly, but local market improves

21 Mar | Flats and Slab