During the past week, demand in the local Turkish cold rolled coil (CRC) market has remained at low levels. Buyers in the market have maintained their cautious stance towards concluding new deals ahead of the referendum to be held in April and demand is not expected to indicate any significant change in the intervening period. Despite the weakness of demand, Turkish steel producers' CRC prices for their domestic market have increased by $10/mt week on week to $640-660/mt ex-works.
Meanwhile, traders' CRC prices in the local Turkish spot market have increased by $10/mt week on week and are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
690-700 |
700-720 |
0.7-2 mm CRC |
660-670 |
670-690 |
The offers are on ex-warehouse basis, for March delivery, and exclude 18 percent VAT.