Demand in the local Turkish hot rolled coil (HRC) market has been at low levels over the past week as buyers have maintained a cautious stance. However, it is observed that Turkish steel mills’ HRC export sales are still sufficient and so they have increased their domestic HRC prices by $10/mt week on week to $660-690/mt ex-works.
Meanwhile, demand in the local Turkish HRC spot market is at good levels, while domestic HRC prices have increased further, rising by $10/mt week on week in parallel with the rises recorded in Turkish mills’ HRC quotations in the previous weeks.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
2-12 mm HRC |
680-690 |
690-700 |
|
1.5 mm HRS |
720-730 |
735-755 |
|
2-12 mm HRC (for large tonnages) |
670-680 |
|
|
3-12 mm HR P&O |
730-740 |
770-780 |