While demand in the Turkish domestic hot rolled coil (HRC) spot market has indicated a very slight improvement during the past week, it is still on the weak side. Meanwhile, market sources report that, with overhaul works on the downstream side coming to a halt, HRC demand in the local market is expected to rise significantly in the coming period. Additionally, according to market sources, the tightness in HRC product supply has almost ended, while stock levels have started to rise.
On the other hand, demand for Turkish producers' HRC has remained on the strong side. The HRC list prices of Turkish producers are still in the range of $590-600/mt ex-works, while producers are unwilling to continue the $5/mt discounts which were available in previous weeks depending on buyers and transaction volumes.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
610-620 |
615-625 |
2-12 mm HRC (for large volume sales) |
600-610 |
|
1.5 mm HRS |
640-650 |
645-655 |
3-12 mm HR P&O |
650-660 |
660-670 |
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.