Over the past week, prices in the local Turkish cold rolled coil (CRC) market have remained unchanged at $630-650/mt ex-works. While buyers have preferred to postpone their bookings due to the approaching new year, market sources state that they expect prices to move upwards entering the new year due to increases in global raw material prices.
Meanwhile, Turkish traders’ CRC prices in the local spot market have also remained stable week on week and are still at the following levels:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
680-700 |
690-720 |
0.7-2 mm CRC |
650-670 |
660-690 |
The offers are on ex-warehouse basis, for December delivery, and exclude 18 percent VAT.