Quiet demand in Turkish HRC spot market

Thursday, 14 May 2015 16:25:24 (GMT+3)   |   Istanbul
Demand in the local Turkish hot rolled coil (HRC) spot market has remained slow this week, weakening further, while prices of HRC and hot rolled pickled and oil (HR P&O) have remained unchanged week on week. Market sources state that demand is not expected to increase before the general election in Turkey on June 7. Additionally, the problems experienced in collection of payments have continued unabated since last week.

Meanwhile, Turkish steel producers' HRC offers have remained stable week on week at $430-445/mt ex-works, for June and July output. Demand for producers' products has been slack in the current week but is still better than the demand in the spot 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

460-470

465-475

 1.5 mm HRS

490-500

495-505

 2-12 mm HRC (for large volume  sales)

450-460

 3-12 mm HR P&O

510-520

525-530

 

The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.

Marketplace Offers

Hot Rolled Coil

Thickness 2 mm
Width 1,500 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

Hot Rolled Coil

Thickness 2.5 mm
Width 1,200 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

Hot Rolled Coil

Thickness 2.5 mm
Width 1,000 mm
Coil  R
  S235JR
Tedarikçi YÜCEL BORU VE PROFİL END. A.Ş.
View Offer

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