No revival in Turkish coated coil demand expected in short term

Wednesday, 10 July 2019 15:59:51 (GMT+3)   |   Istanbul
       

Over the past week, demand in the local Turkish coated coil market has remained at low levels. While purchases in the market are still being made only in line with needs, buyers have been exerting pressure on domestic coated coil prices. As a result, quotations in the local Turkish coated coil market have decreased slightly week on week following transaction negotiations. As market sources do not expect a revival in demand in the short term, they think the rises recorded in import hot rolled coil (HRC) offers to Turkey will be reflected in domestic flat steel and coated coil prices.

Turkish mills’ coated coil prices for their domestic and export markets are presented in the following table:

Turkish domestic prices (ex-works)

Product

Price ($/mt)

Weekly change ($/mt)

HDG   0.50 mm  100gr/m²

655-685

↓5

HDG   1 mm  100gr/m²

620-635

↓5

HDG   2 mm  100gr/m²

570-590

↓5

PPGI RAL 9002 0.3 mm 100 gr/m²

885-925

↓5

PPGI RAL 9002 0.5 mm 100 gr/m²

725-765

↓5

PPGI RAL 9002 1 mm 100 gr/m²

620-670

↓5

Turkish export quotations (FOB)

Product

Price ($/mt)

Weekly change ($/mt)

HDG   0.50 mm  100gr/m²

650-670

↓5

PPGI RAL 9002 1 mm 100 gr/m²

725-755

↓5

 


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