Demand for domestic producers’ products in in the local Turkish cold rolled coil (CRC) market has remained at low levels during the past week, while prices have remained unchanged at $600-620/mt ex-works. Trading activities have remained sluggish during the given week in the local Turkish local CRC market since buyers have postponed their purchases as they are waiting to observe the trend of the flat steel markets, while demand is also slack because of Ramadan.
Meanwhile, Turkish traders’ CRC prices in the local Turkish spot market are at the following levels:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
660-680 |
670-700 |
0.7-2 mm CRC |
630-650 |
640-670 |
The offers are on ex-warehouse basis, for June delivery, and exclude 18 percent VAT.