Turkey's local flat steel spot prices have decreased by $20/mt over the past month amid pressure from low demand and buyers' cautious attitude towards overall global developments. In addition, stocks in the market remain at high levels. Meanwhile, some sources report that Turkish mills are continuing to sell for March production and that the mood in the market is generally pessimistic. Customers insist on additional discounts, but traders would like to see if the mills will decrease prices further and, if so, by how much, as SteelOrbis understands.
Product |
Price ($/mt) |
|
Ereğli |
Gebze |
|
2-12 mm HRC |
480-490 |
490-500 |
1.5 mm HRS |
510-530 |
515-545 |
3-12 mm HR P&O |
530-540 |
550-570 |
0.6 mm CRC |
600-610 |
610-620 |
0.7-2 mm CRC |
570-590 |
580-600 |