During the past two weeks, demand in the Turkish domestic steel plate spot market has remained slack as buyers have continued to conclude steel plate deals only in line with their needs. Amid the declines recorded in hot rolled coil (HRC) quotations, prices in the Turkish domestic steel plate market have also softened, decreasing by $15/mt on average over the past two weeks. Meanwhile, market sources state that occasional discounts are available in the market as a result of slack demand amid strong expectations of downward movement in local steel plate prices.
SteelOrbis has learned that traders' prices for stock material St37 grade steel plate in Turkey's Gebze and Eregli regions for May deliveries are as follows:
Thickness x width | Price ($/mt) | |
Gebze | Eregli | |
4-12 mm x 1,500 mm | 550-570 | |
15-40 mm x 1,500 mm | 565-585 | 545-565 |
15-40 mm x 2,000 mm | 595-615 | 585-590 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.