Over the past week, demand in the local Turkish cold rolled coil (CRC) market has continued to be characterized by sluggishness, while prices have remained unchanged at $650-670/mt ex-works. Market sources state that buyers are still monitoring the global flat steel market and are making bookings only to meet their immediate needs.
Meanwhile, Turkish traders’ CRC prices in the local spot market have remained stable week on week at the following levels:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
710-730 |
720-750 |
0.7-2 mm CRC |
680-700 |
690-720 |
The offers are on ex-warehouse basis, for October delivery, and exclude 18 percent VAT.