Prices in the local Turkish hot rolled coil (HRC) spot market have remained stable as compared to last week, while demand is still weak.
Meanwhile, Turkish steel producers' HRC offers have decreased by $10/mt week on week to the range of $430-450/mt ex-works this week. Turkish producers, receiving better demand for their HRC in the domestic market than in the export markets, are now trying to keep their prices stable in the new price range, while buyers' firm bids are at lower levels. Moreover, discounts of around $10/mt continue to be available depending on buyers and tonnages.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
480-490 |
485-495 |
1.5 mm HRS |
510-520 |
515-525 |
2-12 mm HRC (for large volume sales) |
470-480 |
|
3-12 mm HR P&O |
550-560 |
565-570 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.