Local demand in the Turkish coated steel market has declined to low levels after the sales concluded in the previous two weeks. Buyers have replenished their stocks to optimal levels and have started to exert pressure on prices despite the high levels of hot rolled coil (HRC) offer prices in the local market. "After the high demand in the coated steel market, the market has been silent this week. We find it normal. After buyers have restocked, they want to see the coming market developments before they start to buy again. Some buyers want to buy more but they are asking for price discounts also. We do not find this request realistic at the moment. HRC prices have continued to increase further, which means we now have higher raw material costs," a re-roller told SteelOrbis. Coated steel prices have remained stable for now as the feedstock remains costly, but some deals at $620/mt ex-works base for HDG for September production have been heard in the market: however, these were not confirmed by the time of publication.
On the export side, demand is also low with the influence of competitive offers from Asian markets and the upcoming holiday season in the EU. "We have received sufficient demand from the local market, but now local demand has also decreased. We could see more competitive export offers in the coming period," another re-roller told SteelOrbis.
Turkish domestic prices (ex-works) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
630-650 |
HDG 1 mm 100gr/m² |
590-610 |
HDG 2 mm 100gr/m² |
570-590 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
790-820 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
730-750 |
PPGI RAL 9002 1 mm 100 gr/m² |
710-720 |
Turkish export quotations (FOB) |
|
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
610-630 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-730 |