Demand for domestic producers' products in the local Turkish cold rolled coil (CRC) market has remained at low levels in the current week, while Turkish steel producers have kept their domestic CRC prices unchanged at $620-630/mt ex-works. However, steel producers' CRC offers are expected to rise in the New Year since they have started to raise their hot rolled coil (HRC) prices for February output.
As it is the last week of the year, demand in the local Turkish CRC spot market has also remained weak, with traders' prices moving sideways over the past seven days.
Currently, traders' CRC prices in the local Turkish spot market are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
650-660 |
660-680 |
0.7-2 mm CRC |
620-630 |
630-650 |
The offers are on ex-warehouse basis, for January delivery, and exclude 18 percent VAT.