On the other hand, inquiries for domestic producers' HRC prices have accelerated during the past two weeks but have failed to lead to deals, while demand is weak. Buyers continue to put downward pressure on producers' prices against the backdrop of the ongoing declines recorded in global HRC prices. Over the past two weeks, domestic producers' HRC prices have declined by $10/mt on the upper end and decreased by $5/mt on the lower end to $400-420/mt ex-works, for August and September production. The usual discounts of $10-20/mt for large tonnages are still available.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
440-450 |
445-455 |
1.5 mm HRS |
470-480 |
475-485 |
2-12 mm HRC (for large volume sales) |
430-440 |
|
3-12 mm HR P&O |
500-510 |
515-520 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.