Over the past week, demand in the local Turkish cold rolled coil (CRC) market has remained weak, while Turkish producers’ domestic CRC prices are unchanged week on week at $610-630/mt ex-works, excluding 18 percent VAT. Turkish buyers have continued to exert downward pressure on domestic CRC prices and to postpone their bookings. However, Turkish mills are unwilling to decrease their prices due to the strength of raw material prices.
In the spot market, prices of domestic CRC sold by local traders have remained unchanged week on week and are still at the following levels:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
660-670 |
670-690 |
0.7-2 mm CRC |
630-650 |
640-660 |
The offers are on ex-warehouse basis, for November delivery, and exclude 18 percent VAT.