Local Turkish CRC prices decrease

Friday, 29 September 2017 16:39:40 (GMT+3)   |   Istanbul
       

During the past week, buyers in the local Turkish cold rolled coil (CRC) market have continued to postpone their CRC purchases due to the declines seen in global flat steel quotations, while demand in the local Turkish CRC market has been at low levels. Although Turkish steel mills have kept their domestic hot rolled coil (HRC) prices stable over the past week amid the accelerated international demand, they have reduced their domestic CRC prices by $10/mt week on week to $700-720/mt ex-works since no support from the export markets has been experienced for CRC.

Meanwhile, Turkish traders’ CRC prices in the local spot market have declined by $10/mt week on week at the following levels: 

 Product

Price ($/mt)

Eregli

Gebze

0.6 mm CRC

730-750

740-770

0.7-2 mm CRC

700-720

710-740

                                     

The offers are on ex-warehouse basis, for October delivery, and exclude 18 percent VAT.


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