Some diverse price trends have been seen in Turkey’s coated steel market over the past week depending on producers’ positions and sales outlets.
In the local market, most re-rollers have kept their official offers for hot dip galvanized (HDG) coils at $650-670/mt ex-works mainly for February deliveries, the same as a week ago. In the PPGI segment, there has been a decline of some $10/mt over the past week to $740-760/mt ex-works amid pressure from end-user demand being low. However, some sellers have been reportedly placing aggressive offers for coated steel. One mill, according to sources, has been offering HDG at $640/mt ex-works and PPGI at $720/mt ex-works, both base prices. “It iseems they have some cheap raw materials and are selling [coated steel] for prompt shipment. They will increase afterwards as the excessive stocks are sold,” a re-roller said.
According to sources, suppliers are trying to see a clearer market picture after the holidays before taking some action. Some sources expect coated steel prices to firm up as buyers generally are operating with low stocks currently, SteelOrbis understands. On the other hand, business activity is slow for now. In addition, a lot will depend on the price trend in the HRC sector.
Export offers for coated steel from Turkey have decreased by $20/mt over the past week, reflecting re-rollers’ anxiety to sell and pressure from buyers. HDG is available mainly at $630-650/mt FOB, while PPGI is at $720-740/mt FOB. Some mills, however, are ready to deal at as low as $620/mt FOB and $700/mt FOB, SteelOrbis understands. It is worth mentioning that the aggressive pricing on exports may result in some rebound as certain prices hikes are expected in the EU market in the month of January.
Turkish mills’ domestic and export offer prices for coated products are as follows:
|
Turkish domestic prices (ex-works) |
||
|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
650-670 |
0 |
|
HDG 1 mm 100gr/m² |
640-650 |
0 |
|
HDG 2 mm 100gr/m² |
600-620 |
0 |
|
PPGI RAL 9002 0.3 mm 100 gr/m² |
890-900 |
-10 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
740-760 |
-10 |
|
PPGI RAL 9002 1 mm 100 gr/m² |
720-730 |
-10 |
|
Turkish export quotations (FOB) |
||
|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
630-650 |
-20 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
720-740 |
-20 |