After the softening seen in hot rolled flat steel prices in the Turkish domestic spot market last Friday, May 25, cold rolled sheet and coil (CRS and CRC) prices have followed suit this week, with a drop of $10-15/mt. Following the price declines, market activity in the local Eregli market has improved slightly, though demand in other local markets has remained poor. In the meantime, prices of hot rolled pickled and oiled (HR P&O) sheets have remained unchanged, while supply shortages persist for these materials.
The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
660-665 |
650-660 |
1.5 mm HRS |
700-710 |
705-725 |
3-12 mm HR P&O |
690-700 |
690-710 |
0.6 mm CRC |
800-810 |
810-815 |
0.7-2 mm CRC |
760-770 |
765-770 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.