In the local Turkish coated steel market, prices have not changed since last week and demand has remained low. Neither buyers nor sellers are in a hurry to return to the market and they want to wait a bit more and observe the market conditions. The main question is the prices of scrap in the market. After China began scrap imports and Russia increased its export tax on scrap, the market is waiting for higher scrap import prices for Turkey. But nobody is able to foresee how high the new scrap prices will be. Also, demand is another problem for the coated steel market. Most buyers believe it is early to discuss April production and there is a great risk in terms of prices. Despite strong raw material prices, most market sources believe that, if demand in the Asian markets continues to ease, prices for all flats and raw materials will decline rapidly. "The market is too risky to make decisions at the moment. We have sold our material until April production and before we change our prices we want to see a clearer picture of market conditions. Of course, we have to follow the price increases in raw materials, but also we have to keep our prices acceptable," a producer told SteelOrbis.
On the export side, demand has remained low and expectations have again declined due to the new Covid-19 lockdown. Most EU countries will be in a strict lockdown for at least a month and trading activities are also expected to remain slow.
Turkish domestic prices (ex-works) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
1040-1100 |
HDG 1 mm 100gr/m² |
990-1030 |
HDG 2 mm 100gr/m² |
970-1010 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
1230-1300 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
1100-1200 |
PPGI RAL 9002 1 mm 100 gr/m² |
1080-1150 |
Turkish export quotations (FOB) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
1040-1060 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
1100-1150 |