Over the past two weeks, demand in the local Turkish hot rolled coil (HRC) market recovered slightly ahead of the end-of-Ramadan holiday. Besides, having improved their order books with the acceleration of their export sales, Turkish producers have increased their domestic prices by $25/mt to $595-615/mt ex-works.
As for the spot market, demand has also remained slack due to the snap election to be held on June 24. However, prices have increased by $10/mt due to the increases in producers’ prices. The domestic sales prices of traders for local hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
2-12 mm HRC |
610-620 |
620-630 |
|
1.5 mm HRS |
650-660 |
665-685 |
|
2-12 mm HRC (for large tonnages) |
|
600-610 |
|
3-12 mm HR P&O |
650-660 |
690-700 |