Since locally produced wire rod is used as raw material in cold drawing special steel production, cold drawing special steel prices have fallen further during the past week due to the downward movement of wire rod quotations. In the same period, cold drawing free cutting steel prices have increased slightly amid the rises seen in European free cutting steel quotations and due to the closure of the ArcellorMittal plant in Spain.
Meanwhile, in line with the declines seen in both domestic and global billet quotations, prices of hot drawing carbon steel, spring steel and heat treatable steel in Turkey have edged down during the past week.
As of June 1, 2016, Turkish steelmaker Coskun Group's special steel prices are at the following levels:
Product | Quality | Type of production | Price (TRY/kg) |
Carbon steel | SAE 1040-SAE 1070 | Hot rolled | 1.56 ($0.53/mt) |
Carbon steel | SAE 1040-SAE 1050 | Cold drawing | 1.66 ($0.56/mt) |
Carbon steel | S355JR | Hot rolled | 1.56 ($0.53/mt) |
Carbon steel | S235JR | Hot rolled | 1.50 ($0.51/mt) |
Carbon steel | S235JR-SAE 1008 | Cold drawing | 1.58 ($0.54/mt) |
Heat treatable steel | SAE 5140 (41Cr4) | Hot rolled | 1.65 ($0.56/mt) |
Heat treatable steel | SAE 4140 (42CrMo4) | Hot rolled | 1.85 ($0.63/mt) |
Spring steel | 55Cr3 | Hot rolled | 1.80 ($0.61/mt) |
Spring steel | 60SiMn5 | Hot rolled | 1.80 ($0.61/mt) |
Free cutting steel | 11SMnPb30 | Cold drawing | 2.12 ($0.72/mt) |
Free cutting steel | 11SMn30 | Cold drawing | 2.05 ($0.69/mt) |
The above prices are for advance payments, and exclusive of 18 percent VAT and freight costs.
$1 = TRY 2.95