CIS plate producers issue no offers for May production to Turkey

Tuesday, 27 March 2012 15:55:25 (GMT+3)   |  
Ukrainian producers' plate offers to the Turkish domestic market were at $640-670/mt CFR last month. However, this month Ukrainian producers have not given any plate offers to Turkey for May production.
 
Last month, Ukrainian producer Alchevsk Iron and Steel Works did not give plate offers to Turkey as its export allocation was tight, while this month the producer has not given plate offers to the local Turkish flat steel market for its May production due to the same reason.
 
Another Ukrainian producer Donetsky Iron & Steel Work (DMZ) concluded some steel plate bookings to Turkey at the price level of $640/mt CFR over the past month, but has not given any plate offers to Turkey for its May production.
 
Due to the nine percent import duty in Turkey applied on steel plate imports Ukrainian producers cannot give competitive offers to the Turkish domestic market, and so they prefer to conclude deals with other regions.

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