Demand has remained low in Turkish flat steel spot market, while prices are mostly stable compared to last week. As a result, traders are under pressure. "Spot prices are lower than producers' offers at the moment, but we still do not have sufficient demand," a trader told SteelOrbis. "We will not be doing any restocking for either November or December, because producers’ prices are extremely high and we are not sure that we can sell at higher prices," another trader said.
Prices have been stable for HRC, are down $5/mt for hot rolled pickled and oiled materials and have increased by $5/mt for CRC, compared to last week.
Product |
Price ($/mt) |
|
Ereğli |
Gebze |
|
2-12 mm HRC |
540-570 |
550-570 |
1.5 mm HRS |
570-600 |
580-610 |
3-12 mm HR P&O |
575-595 |
585-605 |
0.6 mm CRC |
655-665 |
655-675 |
0.7-2 mm CRC |
615-625 |
615-635 |