Demand in Turkish HRC market stagnates before Ramadan holiday

Tuesday, 22 July 2014 16:59:35 (GMT+3)   |   Istanbul
In the last seven days, demand in the Turkish hot rolled coil (HRC) spot market, which was already weak, has slowed down and stagnated. HRC prices in the Turkish domestic market have remained unchanged over the past week, while demand is expected to improve after the Ramadan holiday.

Turkish producers' local prices have trended sideways over the same period, while demand for Turkish producers' products has remained weak. Turkish producers' HRC prices are in the range of $590-600/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

600-610

605-615

 2-12 mm HRC (for large volume  sales)

 

590-600

 1.5 mm HRS

630-640

635-645

 3-12 mm HR P&O

645-650

655-660

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.   

Marketplace Offers

Hot Rolled Coil

Thickness 2 mm
Width 1,500 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

Hot Rolled Coil

Thickness 2.5 mm
Width 1,200 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

Hot Rolled Coil

Thickness 2.5 mm
Width 1,000 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

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