The pricing for coated and cold-rolled coils in Turkey has been uneven since the end of last week, given the availability of material of each supplier and individual market evaluations. Some sellers prefer to keep their offers high for June-July deliveries and are in no rush to sell for now. Others prefer to sell significantly lower than the official market indications in order to minimize their stocks. As a result, the price ranges for the mentioned products are quite wide today, which brings a certain degree of confusion to the market.
In the hot-dip galvanized (HDG) coil market, official offers are at $1,300-1,330/mt ex-works, but the workable levels are reported at $1,260-1,280/mt ex-works base, SteelOrbis has learned. Local prices for pre-painted galvanized iron (PPGI) are mainly at $1,400-1,430/mt ex-works, but levels $20/mt lower are considered possible, buyers say.
Cold-rolled coil (CRC) domestic prices in Turkey, according to producers, are mainly at $1,300-1,330/mt ex-works in the official offers, but the workable level for CRC in Turkey is estimated at $1,270-1,300/mt ex-works. In the meantime, one mill, which is usually the most aggressive in a falling market, is there to sell at $1,205-1,215/mt ex-works partly for ex-stock material, SteelOrbis understands. The other mills, as usual, are not in a rush to offer the same levels.
