Slower demand not reflected in Turkish domestic flat steel prices

Tuesday, 30 July 2013 17:54:44 (GMT+3)   |   Istanbul
Demand in the Turkish flat steel market has started to slow down amid the approach of the Ramadan holiday. However, low feedstock availability due to ongoing strikes has been pushing up flat steel prices. Accordingly, local producers' hot rolled coil (HRC) prices have increased by $50/mt over the past month, reaching the range of $600-610/mt ex-works. Meanwhile, despite the softening of demand, prices in the spot market for all materials have moved up by $5-10/mt since last week. In addition, traders, who had avoided concluding sales in the past week, have returned to the market and accelerated their sales in line with demand.

While market players are pondering questions such as whether the strikes will continue or not and what the demand situation will be after the holiday, the price increases in the Turkish flat steel market are considered by players to be a positive development.

The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:

 Product

Price ($/mt)

Eregli

Gebze

2-12 mm HRC

625-630

630-640

1.5 mm HRS

650-665

675-680

3-12 mm HR P&O

675-680

680-690

0.6 mm CRC

775-780

780-785

0.7-2 mm CRC

745-750

750-760

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

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   

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Hot Rolled Coil

Thickness 1.5 - 25 mm
Width 1,000 - 1,500 mm
Coil  R
 
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Cold Rolled Coil

Thickness 0.4 - 2.5 mm
Width 1,000 - 1,500 mm
Coil  R
 
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