According to market sources, after the declines seen in the previous week prices in the Turkish HRC spot market have moved sideways during the past week. Meanwhile, demand in the Turkish HRC spot market has been very weak, while liquidity in the market remains tight.
On the other hand, domestic producers' HRC prices have remained unchanged at $380-400/mt ex-works during the past week, for September production. However, market sources state that local prices have come under pressure amid low-priced import HRC offers and the declines recorded in global HRC prices. Meanwhile, foreign buyers' firm bids are considered to be at very low levels, negatively impacting the local Turkish HRC market.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
420-430 |
425-435 |
1.5 mm HRS |
450-460 |
455-465 |
2-12 mm HRC (for large volume sales) |
410-420 |
|
3-12 mm HR P&O |
470-480 |
485-490 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.