Demand for Turkish producers’ hot rolled coil (HRC) products in their domestic market has remained sluggish in the past week week, while buyers in Turkey are postponing their purchases, adopting a wait-and-see stance. Accordingly, trading activity in local Turkish HRC market is quite slow. In this context, Turkish HRC producers have kept their domestic offer prices unchanged week on week at $400-430/mt ex-works.
Meanwhile, demand in the local Turkish HRC spot market is also slack, while traders have also kept their prices stable.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
2-12 mm HRC |
440-460 |
450-470 |
1.5 mm HRS |
480-500 |
495-515 |
2-12 mm HRC (for large tonnages) |
|
420-430 |
3-12 mm HR P&O |
480-500 |
500-530 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.