With the support of the higher hot rolled coil (HRC) and scrap prices, the offer levels have increased by $60-70/mt in the Turkish coated steel market since last week. Current price levels have not been seen since 2011 for coated steel in Turkey and prices have increased 35-40 percent since the beginning of 2020 and by 25-30 percent since the end of October. In the meantime, over the same period the HRC and scrap workable levels have risen by 28 and 33 percent, respectively. Moreover, most of the market players agree the prices for flats will continue their uptrend for now. "Demand is still sufficient and producers offer for March production. Scrap and HRC prices continue firming up. Another increase in prices is very likely in the coated steel prices," a producer told SteelOrbis.
On the export side demand has started to slow down but is still at the moderate levels. Steady demand from the export markets continues to support prices and prices for export markets have increased accordingly.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
930-960 |
+60/+70 |
HDG 1 mm 100gr/m² |
890-910 |
+60 |
HDG 2 mm 100gr/m² |
860-870 |
+60 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
1130-1150 |
+70 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
1020-1060 |
+60/+70 |
PPGI RAL 9002 1 mm 100 gr/m² |
990-1020 |
+60 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
910-930 |
+50 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
1000-1020 |
+50 |