Over the past week, producer prices in the local Turkish cold rolled coil (CRC) market have decreased by $20/mt to $630-650/mt ex-works as Turkish producers’ hot rolled coil (HRC) prices for domestic market have continued to decline. Meanwhile, domestic demand for CRC has remained weak as buyers have continued to monitor the market.
Meanwhile, Turkish traders’ CRC prices in the local spot market have declined by $20/mt week on week at the following levels:
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
690-710 |
700-730 |
|
0.7-2 mm CRC |
660-680 |
670-700 |
The offers are on ex-warehouse basis, for November delivery, and exclude 18 percent VAT.