Flat steel re-rollers in Turkey have managed to keep their official coated and cold rolled steel prices relatively stable. However, most are ready to negotiate and offer discounts if serious buying interest emerges. Domestic sales remain sluggish, while export activity has also been limited. The EU market has been quiet in terms of coated steel trade, although there are some expectations for CRC sales to the US.
Domestic official offers for 0.5 mm Z100 material for August-September production stand at $770-790/mt ex-works and reaching up to $800/mt ex-works. However, according to market sources, realistic transaction levels are at $760-780/mt ex-works, while some re-rollers may be willing to sell at $750-755/mt ex-works. In the export market, official offers are at $730-760/mt FOB. However, according to sources, including some suppliers, realistic prices are no higher than $730/mt FOB, with workable levels reported at around $710/mt FOB.
In the PPGI segment, Z100 material is officially offered at $930-950/mt ex-works, while deals are possible at $910-920/mt ex-works, SteelOrbis has learned. Meanwhile, suppliers quote Z70 material at $890-920/mt ex-works. Official export offers for Z100 PPGI from Turkey are at $880-920/mt FOB, though the lowest achievable levels are reported at $860-870/mt FOB. However, only a limited number of suppliers are willing to conclude sales at these prices.
Turkey's domestic CRC prices are mainly at $680-700/mt ex-works, slightly down week on week, while export offers stand at $670-685/mt FOB, with the upper end applying to offers to the US. In the import segment, Chinese CRFH offers are at $585/mt CFR. The latest deals were concluded at around $5-10/mt below these levels for decent tonnages approximately 10-12 days ago, SteelOrbis has learned.
