Meanwhile, Turkish steel producers' HRC prices have declined by $10/mt on the upper end during the past week to $470-480/mt ex-works. Ex-China HRC offers have declined by $10-15/mt over the same period to the range of $380-390/mt FOB, while market sources state that Turkish buyers have accepted these price levels. Additionally, Turkish buyers expect ex-CIS offers to fall by $5-10/mt to the same levels of Chinese offers in the coming period. If imported HRC prices continue to fall, Turkish producers will be forced to reduce their local prices further.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
520-530 |
525-535 |
1.5 mm HRS |
550-560 |
555-565 |
2-12 mm HRC (for large volume sales) |
510-520 |
|
3-12 mm HR P&O |
580-590 |
595-600 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.