During the past week, demand in the local Turkish cold rolled coil (CRC) market has remained at low levels. In the same period, Turkish steel mills’ CRC prices have remained at $710-730/mt ex-works. It is observed that the downtrend of domestic CRC prices in Turkey has come to a halt following the rebound seen in the local Turkish hot rolled coil (HRC) market.
In the spot market, prices of domestic CRC sold by local traders have also remained stable week on week, at the following levels.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
750-760 |
760-780 |
|
0.7-2 mm CRC |
720-730 |
730-750 |
The offers are on ex-warehouse basis, for February delivery, and exclude 18 percent VAT.