Retail prices for flat steel products in Turkey have increased by $10/mt for some items over the past two weeks, triggered rather by producers’ firm pricing than by demand from the end-user side. "We had to increase our prices due to mills’ higher price levels, but demand has remained sluggish. We have now higher stock costs and we were unable to make any price increase for a long time. Buyers are not against the increase, but everyone wants to be extra careful because of Covid-19," a trader told SteelOrbis.
Prices have increased by $10/mt for HRC and HR pickled and oiled coils, but are unchanged for cold rolled coils.
Product |
Price ($/mt) |
|
Ereğli |
Gebze |
|
2-12 mm HRC |
460-480 |
470-490 |
1.5 mm HRS |
490-520 |
500-530 |
3-12 mm HR P&O |
500-520 |
520-540 |
0.6 mm CRC |
580-590 |
590-600 |
0.7-2 mm CRC |
540-550 |
540-560 |