On the other hand, the previous declines seen in domestic producers' HRC prices have been replaced by sideways movement during the past week. In the given period, domestic producers' HRC prices have remained unchanged at $380-400/mt ex-works, for September production. Market sources report that tonnages in deals have increased and that demand for domestic producers' HRC has improved slightly, though it is still considered to be weak. However, the volume of transactions for local producers' HRC is still insufficient, mainly due to low-priced import HRC offers and the declines recorded in global HRC prices.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/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.