Turkey-based flats re-rolling companies have increased their prices in a few steps over the past week, taking advantage of the better market mood for hot-rolled coil (HRC), certain buyers’ needs to restock, and quite an uptrend seen in the import scrap sector.
Over the past week, the domestic price for hot-dipped galvanized coils in Turkey increased by $40-80/mt to $940-960/mt ex-works base. Some buyers report around $10-20/mt lower prices might be also possible in the case of decent orders. In the PPGI segment, the local offers are at $1,100-1,130/mt ex-works base, up $50-70/mt from the pre-holiday levels. “There were sales last week and this week, and the demand is quite good actually. We are counting on higher HRC prices and we will increase our offers further, but for now the latest levels are not yet widely accepted,” a re-roller told SteelOrbis.
In the cold-rolled coil (CRC) segment, the domestic offers increased from $780-810/mt to $840-850/mt over the past week, both on ex-works basis. The lowest deal prices of the past week were concluded at $750-760/mt ex-works, as reported earlier. In the import segment for CRC, there has been talk about a sale from China at $640/mt FOB with estimated freight of around $55/mt. In addition, according to sources, ex-China boron-added cold-rolled full hard (CRFH) material has been available at $680-685/mt CFR. “It is a more or less acceptable level and I’m quite sure it is being or will be booked since some re-rollers might chose it over HRC in the current market reality,” an HRC seller told SteelOrbis.
