Flat steel prices in the Turkish domestic market have been trending sideways. Liquidity shortages in the market have been negatively affecting flat steel demand, contributing to sluggishness in actual trading volumes for quite a while now. Meanwhile, although inquiries for products are at good levels, both buyers and seller are extremely cautious about concluding deals and are anxious to avoid deferred payment in order to limit financial risks. Thus, inquiries are not being translated into transactions and this keeps the trading volume in the market at minimum tonnages.
The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
640-650 |
640-660 |
1.5 mm HRS |
690-710 |
690-710 |
3-12 mm HR P&O |
690-700 |
690-710 |
0.6 mm CRC |
780-790 |
790-800 |
0.7-2 mm CRC |
750-760 |
740-760 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.