Demand for domestic producers' products in the local Turkish hot rolled coil (HRC) market has remained at low levels ahead of the referendum to be held on April 16, with trading activity declining as buyers and sellers wait and see. Meanwhile, producers' prices in the local Turkish HRC market have remained unchanged during the past week at $530-550/mt ex-works.
The same situation prevails in the local spot market, while traders have kept their HRC prices stable week on week.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product | Price ($/mt) | |
Eregli | Gebze | |
2-12 mm HRC | 530-550 | 540-570 |
1.5 mm HRS | 570-590 | 585-615 |
2-12 mm HRC (for large tonnages) | 520-540 | |
3-12 mm HR P&O | 590-600 | 610-640 |