Demand in the local Turkish hot rolled coil (HRC) market has remained slack in the past week, while most producers have adopted a wait-and-see stance and are not giving offers at the moment, resulting in tight supply in the market. As a result, price offers from those Turkish HRC producers which have continued to give offers have increased by $20/mt on the low end and by $30/mt on the upper end week on week to $450-480/mt ex-works for May production, though they are offering discounts of $10-20/mt on their price range for bookings of large tonnages.
On the other hand, demand in the Turkish HRC spot market is still slack, just like in the previous week, while traders’ prices of HRC have remained stable week on week, due to weak demand and since most producers have adopted a wait-and-see stance.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
440-460 |
445-465 |
1.5 mm HRS |
480-500 |
475-495 |
2-12 mm HRC (for large tonnages) |
430-450 |
|
3-12 mm HR P&O |
490-500 |
505-510 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.