During the past week, demand in the local Turkish cold rolled coil (CRC) market has remained weak, while Turkish mills have maintained their domestic CRC prices unchanged at $710-730/mt ex-works. Turkish buyers are expected to avoid increasing their inventories due to the upcoming early election and to continue to conclude deals only to meet their immediate needs.
In the spot market, prices of domestic CRC sold by local traders have also remained stable week on week.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
770-780 |
780-800 |
|
0.7-2 mm CRC |
740-750 |
750-770 |
The offers are on ex-warehouse basis, for April delivery, and exclude 18 percent VAT.