Weak demand and stable prices in Turkish CRC market due to holidays

Friday, 16 September 2016 11:08:24 (GMT+3)   |   Istanbul
       

Demand received by domestic producers in the local Turkish cold rolled coil (CRC) market is weak this week, since the market is on holiday as of the beginning of the week due to the Feast of Sacrifice. Accordingly Turkish mills’ CRC prices remained unchanged this week at the range of $500-550/mt ex-works.
 
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
 

 Product

Price ($/mt)

Eregli

Gebze

0.6 mm CRC

570-590

580-600

0.7-2 mm CRC

540-560

550-570

 

The offers are on ex-warehouse basis, for September delivery, and exclude 18 percent VAT.

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