On the other hand, demand for CRC in the local Turkish spot market is still sluggish, while traders' CRC prices have also declined by $30/mt during the past week. Market sources state that prices in the local Turkish spot market have been declining amid the soft trend of HRC prices, while ongoing political uncertainty has lead to economical concerns in the market.
Meanwhile, spot CRC prices in the local Turkish market for July delivery are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
560-585 |
565-580 |
0.7-2 mm CRC |
520-535 |
530-545 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.