Flat steel prices in Turkey have been trending upwards for many weeks now, amid active local and export demand coupled with the mostly limited allocation. The local tinplate offers in Turkey have also increased over the past two weeks although the pace of the uptrend in this segment has been somewhat less dramatic compared to cold rolled and coated coils.
According to sources, local prices for 0.3 mm TS275 2.8g/2.8m2 are at $1,400-1,470/mt ex-works, up from $1,300-1,350/mt ex-works in offers early last week. The lower end of the range is for July deliveries, while the upper one is for August, SteelOrbis has learned. In the meantime, the cold rolled coil prices in Turkey are at $1,350-1,370/mt ex-works in offers, signaling a narrowed down gap with tinplate prices. “Of course, feedstock prices are used for argument, but we cannot say there is a direct correlation since tinplate offers are mainly dependent on the final product demand level,” a local source said.
