Demand received by domestic producers in the local Turkish cold rolled coil (CRC) market is still sluggish this week. In line with the $12.5/mt increase in domestic hot rolled coil (HRC) prices in the Turkish market, Turkish mills’ CRC prices have increased by $15/mt on average week on week to the range of $520-561/mt ex-works.
Due to the uptrend of producers’ CRC prices, spot CRC prices in the Eregli region have increased by $10/mt on the lower end and spot CRC prices in the Gebze region have risen by $10/mt on average over the past week.
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
| Product | Price ($/mt) | |
| Eregli | Gebze | |
| 0.6 mm CRC | 580-590 | 590-610 |
| 0.7-2 mm CRC | 550-560 | 560-580 |
The offers are on ex-warehouse basis, for September delivery, and exclude 18 percent VAT.