Import plate market in Turkey

SteelOrbis has been informed that import plate offers to Turkey for August shipments stand at the following levels:

The steady uptrend in Turkey's import plate market has been continuing. Indeed, in Turkey's import flats market plate has registered the most stable uptrend of the various flat products since the beginning of 2008. In addition, it is reported that two weeks ago in Turkey an ex-Ukraine booking for commercial grade St37 plate was concluded in the range of $1,200-1,220/mt CFR Turkey for August shipment. This week, commercial grade St37 plates ex-Russian steelmaker Ashinskiy are being offered to Turkey at the range of $1,275-1,280/mt CFR Turkey for August shipment. There are also offers ex-China in the Turkish market, including offers for commercial grade St37 plates at levels of $1,240-1,260/mt CFR European ports, whereas the ex-China offers for commercial grade St52 plates stand at $1,300-1,320/mt CFR European ports, both for August shipment.

Meanwhile, ex-Ukrainian producers Alchevsk and Ilyich plates were sold at the level of $1,250-1,280/mt CFR Turkey in the previous period. It is expected that the new levels to be announced by these mills will stand in a range of $1,300-1,350/mt CFR Turkey. As for the local market, Turkish integrated steelmaker Erdemir's most recent price for plate was announced last week at $1,450/mt.