Domestic tinplate prices in Turkey have improved significantly over the past month, mainly supported by seasonally better demand coming from end-users. In addition, the price uptrend seen in the other flats segments of the market since early February has pushed up rising offers for tinplate as well.
Currently, the workable price levels for local TS275 2.8g/2.8m2 tinplate are at $1,620-1,640/mt ex-works, increasing by $40-50/mt over the past month. The latest deals were closed at $1,630-1,640/mt ex-works and suppliers are mainly closing their June production sales, SteelOrbis has learned. Usually, tinpate demand is good at this time of the year and mills have no problem with orders. Moreover, prices for tinplate are more demand-driven than impacted by the HRC market situation,” a trader said.
The prices for other coated steel products have stabilized in Turkey for the time being. The trading activity in the pre-painted galvanized iron segment has been quite high and prices are now at $1,300-1,330/mt ex-works. The official offers for base hot-dip galvanized (HDG) coils are at $1,200/mt ex-works and above, but $1,180/mt ex-works levels are considered possible to get from several key suppliers. Moreover, some players consider $1,150-1,160/mt ex-works prices as workable for HDG at the moment.
