Last week hot rolled coil (HRC) prices had shown some signs of improvement in the Turkish flat steel market, but this week HRC prices have failed to maintain this trend. Although general market prices for HRC and cold rolled coil (CRC) are unchanged, discounts of $20-30/mt for HRC and $10/mt for CRC may be heard on traders' list prices. Meanwhile, traders' prices are closer to mills' quotation levels and profit margins have contracted. Reported discounts of up to $30/mt from mills - though these have not yet been confirmed by the mills - have caused a postponement of buying activities in the market.
The domestic sales prices of traders for local production and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
640-650 |
640-660 |
1.5 mm HRS |
690-710 |
690-710 |
3-12 mm HR P&O |
690-700 |
690-710 |
0.6 mm CRC |
780-790 |
790-800 |
0.7-2 mm CRC |
750-760 |
740-760 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.