Meanwhile, Chinese CRC steel offers to Turkey are at $475/mt FOB, significantly lower than Turkish producers' offers. As a result of the downward pressure from Chinese offers, Turkish producers have decreased their list prices by $10/mt to $570-590/mt ex-works. However, counter-offers from buyers are quite lower than the Turkish producer's offers, while buyers in the global market are uninterested in ex-Turkey CRC as they expect prices to continue their downtrend.
Spot CRC prices in the local Turkish market are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
650-680 |
655-675 |
0.7-2 mm CRC |
610-630 |
620-640 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.