Turkish coated steel producers have kept their official price levels stable over the past week, although demand has been almost zero.
The Turkish producers prefer to work with every customer individually, realizing that sizeable price drops will not be able to generate significant sales as the problem is in weak end-user consumption. However, discounts of around $20/mt are possible to get for serious buyers. “'We have almost no demand and it is meaningless to cut prices without any demand. But for real buyers, we are open to discuss our prices, but of course we must consider HRC price levels when we decide our sales prices,” a re-roller told SteelOrbis. In the export segment, there is no demand and due to border closures there are problems in deliveries.
Shutdowns in the European automotive sector have negatively affected Turkey’s coated steel producers. As a result of the slowdown in the Turkish automotive and subsidiary industries, contracted sales volumes have decreased and stocks have increased in the country. In addition, some re-rollers have released their workers for two to three weeks of leave, sources report.
|
Turkish domestic prices (ex-works) |
|
|
Product |
Price ($/mt) |
|
HDG 0.50 mm 100gr/m² |
620-640 |
|
HDG 1 mm 100gr/m² |
610-630 |
|
HDG 2 mm 100gr/m² |
560-590 |
|
PPGI RAL 9002 0.3 mm 100 gr/m² |
730-760 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-730 |
|
PPGI RAL 9002 1 mm 100 gr/m² |
680-690 |
|
Turkish export quotations (FOB) |
|
|
Product |
Price ($/mt) |
|
HDG 0.50 mm 100gr/m² |
610-620 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-720 |