Turkey’s re-rollers have not had much choice but to decrease their coated steel prices over the past week, even though only minor discounts have been granted in the feedstock segment.
Low demand and growing concerns regarding the political and economic situation and health issues have created pressure in the market. As a result, domestic coated steel sellers, not willing to build up excess stocks amid uncertainty whether it could be sold easily, have taken a backward step on prices, SteelOrbis understands. On the export side, sales to the EU have almost stopped due to the spread of the virus. Moreover, market players fear that prices will go down further as there are some serious concerns regarding the fall of oil prices in particular. “Even a free fall in [coated steel] can be seen ... amid strong recession expectations,” a re-roller said.
Turkish domestic prices (ex-works) |
||
Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
625-650 |
-15/-10 |
HDG 1 mm 100gr/m² |
620-640 |
-10 |
HDG 2 mm 100gr/m² |
570-600 |
-10/-20 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
740-770 |
-10 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
720-740 |
|
PPGI RAL 9002 1 mm 100 gr/m² |
690-700 |
-10 |
Turkish export quotations (FOB) |
||
Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
630-640 |
-10/-20 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
720-730 |
-10 |