Demand recovers slightly in Turkish CRC market

Friday, 04 April 2014 13:39:47 (GMT+3)   |   Istanbul
Demand in the Turkish domestic cold rolled coil (CRC) spot market has started to recover, increasing slightly since last week. The appreciation of the Turkish lira against the US dollar following the March 30 municipal elections in Turkey has been viewed as a positive factor in the market, while increases in hot rolled coil (HRC) prices have contributed to the slight increase in CRC demand. Market players say that, if the uptrend in HRC prices continues, an increase is expected in both demand and CRC prices.

Meanwhile, Turkish producers' offers for CRC can still be found in the range of $680-690/mt ex-works, indicating no changes as compared to last week.

Spot CRC prices are as follows:

 Product

Price ($/mt)

Eregli

Gebze

0.6 mm CRC

720-730

725-740

0.7-2 mm CRC

680-695

690-700

The offers are on ex-warehouse basis and exclude 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.   


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Marketplace Offers

Cold Rolled Coil
Thickness:  0.6 mm
Width:  1,000 mm
Coil:   R
DC01
YÜCEL BORU VE PROFİL END. A.Ş.
Cold Rolled Coil
Thickness:  0.3 - 2.5 mm
Width:  700 - 1,300 mm
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DC01-DC03-DC04-DC01EK-DC04EK
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Cold Rolled Batch Annealed Coil
Thickness:  0.3 - 2.5 mm
Width:  700 - 1,300 mm
Coil:   R
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