Domestic coated steel prices in Turkey have continued to move down, while new discounts have caught the attention of some buyers. A certain degree of restocking has been going on in view of the expected revival of activities of end-user industries and some additional price decreases have been granted during the negotiation process. All in all, market players are showing some optimism nowadays. “We believe we can now keep our prices stable despite the decreases in scrap and HRC offers, because some end-users have started to produce again and the rest might restart in two weeks. The outlook is now positive in the market and we expect demand to recover day by day,” a re-roller told SteelOrbis.
On the export side, some negotiations have been heard in the Spanish market with one re-roller offering a sizeable lot for sale. There are still some issues with the unloading process for cargoes, but the relaxation of measures relating to Covid-19 has already started in most of the targeted countries, SteelOrbis understands. “Of course, we still have problems on the export side but demand in the local market has already started to improve. Also, we are receiving good news from the export markets too. Most of the countries are trying to ease the protection measures and we believe export demand will follow the improvement in the local market,” another re-roller told SteelOrbis.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
540-570 |
-20/-10 |
HDG 1 mm 100gr/m² |
520-530 |
-20 |
HDG 2 mm 100gr/m² |
480-500 |
-10 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
680-710 |
-20 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
620-640 |
-20 |
PPGI RAL 9002 1 mm 100 gr/m² |
600-610 |
-20 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
520-530 |
-10 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
610-630 |
-10 |