Prices have increased by $40-50/mt in the last two weeks in Turkish flat steel spot market. However, business activity has weakened due to the year-end period and record-high flat steel prices. Both sellers and buyers have adopted a wait-and-see stance. Stocks have remained low over the last two weeks and any easing of material availability problems is not expected at least until mid-February. Traders are not having difficulties reflecting the increases in their own prices because of lower material availability in the spot market. "Our prices are totally normal because producers' prices have already hit $800/mt for HRC and $980-1,000/mt for CRC. We are seeing a decline in demand but it is very normal for this period of the year. Normally, traders would be in a hurry to lower their stocks at this time of the year, but this year nobody has this problem. Instead of being in a sales rush, we also want to observe market conditions to decide our future orders to producers," a trader told SteelOrbis.
Prices have increased $50/mt for CRC and $40/mt for HRC and HR pickled and oiled materials over the past two weeks.
|
Product |
Price ($/mt) |
|
|
Ereğli |
Gebze |
|
|
2-12 mm HRC |
820-850 |
830-850 |
|
1.5 mm HRS |
850-880 |
860-890 |
|
3-12 mm HR P&O |
900-920 |
910-930 |
|
0.6 mm CRC |
1060-1070 |
1060-1080 |
|
0.7-2 mm CRC |
1030-1040 |
1030-1050 |