Domestic prices for coated steel in Turkey have increased by $20-40/mt over the past week depending on the product as most mills are in the market to trade for August production, saying that July volumes are mostly sold out. Some re-rollers are in the market with limited lots for closer delivery, but are aiming at $650/mt ex-works for hot dip galvanized (HDG) coils and $750/mt ex-works for pre-painted coils. “We had really good demand and managed to sell up until August production. It is a good time for us to revise our prices. We believe demand will continue because most end-users are now back producing and Covid-19 restrictions are being eased day by day,” a re-roller told SteelOrbis.
On the export side, demand is moderate and prices have increased by $20-30/mt. ”We have started to export to our main destinations after the Covid-19 restrictions were eased. Of course, local demand is better than export demand because there are still uncertainties in global steel trade and we understand that global buyers have to be more careful,” another re-roller told SteelOrbis. There are worries that, if there is a second virus wave, shipments will be suspended again. Accordingly, overseas buyers give preference to locally produced goods, including coated steel, as they want to avoid risks.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly Change($/mt) |
HDG 0.50 mm 100gr/m² |
605-630 |
+25/+30 |
HDG 1 mm 100gr/m² |
565-590 |
+20/+25 |
HDG 2 mm 100gr/m² |
545-570 |
+20/+25 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
770-800 |
+40 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-730 |
+40 |
PPGI RAL 9002 1 mm 100 gr/m² |
690-700 |
+40 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly Change($/mt) |
HDG 0.50 mm 100gr/m² |
600-620 |
+20/+30 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
700-720 |
+30 |