On the other hand, local demand for Turkish producers' products has softened further and is now considered to be weak. Turkish buyers have put downward pressure on Turkish producers' prices against the backdrop of the resistance shown by buyers in the global market to increasing HRC prices and also amid declining iron ore prices. However, producers' HRC prices in the local Turkish spot market have remained in the range of $430-445/mt ex-works, for July and August production.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
460-470 |
465-475 |
1.5 mm HRS |
490-500 |
495-505 |
2-12 mm HRC (for large volume sales) |
450-460 |
|
3-12 mm HR P&O |
510-520 |
525-530 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.