During the past week, HRC offers from Turkish producers to their local market have stood at $510-525/mt ex-works, for January production. Market sources state that, due to slack market conditions last week, producers decided to raise their prices to attract buyers' attention. However, it will become clearer by the end of January whether this strategy has been successful or not.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
560-580 |
565-585 |
1.5 mm HRS |
590-610 |
595-615 |
2-12 mm HRC (for large volume sales) |
550-570 |
|
3-12 mm HR P&O |
605-620 |
615-630 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.