Demand in the local Turkish cold rolled coil (CRC) market has failed to improve over the past week and is still at low levels. Meanwhile, buyers in the market are still exerting pressure on domestic CRC prices. While buyers continue to have concerns over the economic outlook, demand in the local Turkish CRC market is not expected to revive. Additionally, Turkish producers’ CRC prices have remained stable week on week at $660-670/mt ex-works.
In the spot market, prices of domestic CRC sold by local traders have also moved sideways week on week and are at the following levels:
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
700-710 |
710-730 |
|
0.7-2 mm CRC |
670-680 |
680-700 |
The offers are on ex-warehouse basis, for October delivery, and exclude 18 percent VAT.