The domestic sales prices of traders for local and imported hot rolled coil and sheet (HRC and HRS) in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
700-720 |
700-720 |
1.5 mm HRS |
730-740 |
730-745 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.
In the Turkish domestic market, traders have two different point of views about the market outlook. While some traders think that local HRC and HRS demand will revive as the weather gets better, pushing up prices since inventory levels are low, some other traders believe that demand will not show any significant improvement even if the weather gets better.
Unlike the cold rolled coil (CRC) market, there is no supply shortage reported for HRC or HRS in the Turkish domestic market. The general consensus among traders is that HRC and HRS demand and inventories in the local market are currently low.