Prices have continued to increase while demand has recovered slightly in Turkish spot flat steel markets. Traders are rather confident the demand will improve and there is an expectation regarding another hike in the spot prices. "After a long time we saw a better demand in the market and our prices now have support and they are accepted by buyers. Stocks are also not high at the moment, on the contrary we did not receive our orders from June or July production, because producers are dispatching high priced materials at the moment. With the support of lower stocks and higher demand, it is highly likely that we will see another price increase in the spot flat steel markets," a trader told SteelOrbis.
Prices have increased by $10/mt for HRC and hot rolled pickled and oiled materials and $20/mt for CRC since last week.
|
Product |
Price ($/mt) |
|
|
Ereğli |
Gebze |
|
|
2-12 mm HRC |
510-530 |
520-540 |
|
1,5 mm HRS |
540-570 |
550-580 |
|
3-12 mm HR P&O |
560-580 |
570-590 |
|
0,6 mm CRC |
630-640 |
630-650 |
|
0,7-2 mm CRC |
590-600 |
590-610 |