Demand for domestic producers' products in the local Turkish cold rolled coil (CRC) market has been at low levels during the past week, while buyers are maintaining a cautious stance as regards new prices. However, it is observed that Turkish mills have increased their domestic CRC prices in line with the upward movement of domestic hot rolled coil (HRC) quotations. Turkish mills’ domestic CRC prices are currently at $750-770/mt ex-works, indicating a $10/mt increase week on week.
In the spot market, prices of domestic CRC sold by local traders have increased by $20/mt week on week, and are now at the following levels.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
790-800 |
800-820 |
|
0.7-2 mm CRC |
760-770 |
770-790 |
The offers are on ex-warehouse basis, for March delivery, and exclude 18.