Most Turkish coated steel producers have maintained their offer prices unchanged over the past week. One of the reasons is that hot rolled coil market activity is at a standstill, leaving them no room for discounts. Moreover, coated steel producers say there may be some upward revisions on their side as they have not been able to reflect the latest price hike for feedstock material. In the meantime, local demand in Turkey remains limited with stock levels still generally above the average, which puts pressure on sellers. However, it is worth mentioning that the most aggressive coated steel offers available last week are nowadays not valid as the sellers have somewhat decreased their excessive stocks.
On the export side, the EU markets have already returned from their holiday and at the beginning of this week ArcelorMittal announced a €30/mt price increase for hot rolled coil. The move is expected to support the coated steel segment but for now the import trade is limited. Buyers are trying to evaluate the market situation globally and are not in a hurry to purchase as they also have sufficient stocks for now. As a result, demand has been slow, but may improve shortly, supporting the Turkish coated steel sellers, SteelOrbis understands.
Turkish domestic prices (ex-works) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
650-670 |
HDG 1 mm 100gr/m² |
640-650 |
HDG 2 mm 100gr/m² |
600-620 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
890-900 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
740-760 |
PPGI RAL 9002 1 mm 100 gr/m² |
720-730 |
Turkish export quotations (FOB) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
630-650 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
720-740 |