Over the past week, demand in the local Turkish cold rolled coil (CRC) market has remained slack, while producers’ prices have remained stable at $650-670/mt ex-works. Buyers have postponed their bookings and are exerting pressure on prices. In the short term, the current situation in the local Turkish CRC market is expected to continue.
In the spot market, prices of domestic CRC sold by local traders have remained stable week on week and are at the following levels:
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
690-700 |
700-720 |
|
0.7-2 mm CRC |
660-680 |
670-690 |
The offers are on ex-warehouse basis, for March delivery, and exclude 18 percent VAT.