Demand in the local Turkish cold rolled coil (CRC) market has remained at low levels, while Turkish producers’ CRC prices have decreased by $30/mt week on week to $630-640/mt ex-works. Despite the fall in domestic CRC prices, Turkish buyers continue to postpone their purchases as they try to maintain low inventory levels. While buyers continue to have concerns over the economic outlook, demand in the local Turkish CRC market is not expected to revive in the short term despite lower prices.
In the spot market, prices of domestic CRC sold by local traders have also decreased by $20/mt week on week and are at the following levels:
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
680-690 |
690-710 |
|
0.7-2 mm CRC |
650-660 |
660-680 |
The offers are on ex-warehouse basis, for October delivery, and exclude 18 percent VAT.