Following last week's price increases announced by Turkish domestic producers, HRC import prices for Turkey have been trending either upwards or sideways, contributing to increased transaction activity on the part of buyers. Despite the deepening of the political crisis between Ukraine and Russia, sources in the region indicate that problems are not being experienced as regards steel supplies. Nevertheless, buyers are cautious about importing products from the CIS, while volumes of orders placed with Turkish producers are reported to have increased. Turkish producers' HRC prices have remained unchanged since last week and are still at $575-590/mt ex-works.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
590-600 |
595-600 |
2-12 mm HRC (for large volume sales) |
580-590 |
|
1.5 mm HRS |
620-630 |
625-635 |
3-12 mm HR P&O |
625-630 |
635-640 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.