Steel plate business activity in Turkey has been reviving gradually, though some suppliers are still absent with firm offers, specifically those from Asia. Local and most import plate prices have increased over the past two weeks, partly driven by the firm uptrend in the hot-rolled coil segment, but also supported by some ongoing restocking.
According to sources, domestic plate offers from Erdemir are at $1,070-1,080/mt ex-works base, up by at least $70/mt over the past two weeks, in line with the price trend for HRC.
In the import segment, ex-Romania offers are at $1,040/mt CFR, up by $10-15/mt over the past two weeks, and the supplier is expected to increase the price level further. Bulgaria’s plate price is still at $1,070-1,080/mt CFR depending on the order size and US dollar-euro exchange rate. No fresh offers have been heard from South Korea due to the holiday period in Asia, while suppliers there are expected to voice new offers early next week.
Ukraine’s supplier has increased grade A plate prices to Turkey by around $50/mt over the past two weeks to $1,050/mt CFR. The mill has decided to increase its extras for steel grades in the slab and plate segments by 25-75 percent due to the earlier rise of 30-120 percent in ferroalloy prices.
