According to market sources, demand in the local Turkish hot rolled coil (HRC) spot market has remained quiet during the past week. Meanwhile, prices in the local Turkish hot rolled coil (HRC) spot market have moved sideways during the past week except for hot rolled pickled and oiled coil (HR P&O) prices which have declined by $10/mt in the same period. Market sources report that transaction activity in the spot market has significantly declined, while buyers have postponed their HRC purchases to 2016 except for their immediate needs.
On the other hand, Turkish producers' HRC prices have also remained stable in the given period at $310-320/mt ex-works for January and February production. Meanwhile, demand for Turkish producers' HRC is still at weak levels. Buyers have mostly completed their purchases for January and are in no rush to conclude new deals for the remaining needs.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
340-350 |
345-355 |
1.5 mm HRS |
380-390 |
375-385 |
2-12 mm HRC (for large tonnages) |
330-340 |
|
3-12 mm HR P&O |
380-390 |
395-400 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.