During the past week, demand in the local Turkish cold rolled coil (CRC) market has continued at low levels, while Turkish steel mills’ CRC prices have remained at $710-730/mt in the same period. According to market sources, Turkish buyers are monitoring the global steel market and so their CRC purchases are being postponed.
In the spot market, prices of domestic CRC sold by local traders have also remained stable week on week, at the following levels.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
750-760 |
760-780 |
|
0.7-2 mm CRC |
720-730 |
730-750 |
The offers are on ex-warehouse basis, for February delivery, and exclude 18 percent VAT.