Demand in the local Turkish hot rolled coil (HRC) market has remained slack this week, just like in the previous week. Following the average price increase of $15/mt observed last week due to the uptrend of prices of raw material and semi-finished products, Turkish HRC producers’ price offers have remained stable this week. Turkish producers’ HRC prices, which are at $460-500/mt ex-works, have gained acceptance from some buyers this week, while other buyers are still postponing their bookings. Also, producers are still offering discounts depending on buyers and tonnages.
On the other hand, prices in the local Turkish HRC spot market have increased by $20/mt on the upper end and risen by $10/mt on the lower end, as producers’ prices increases have started to gain acceptance in the market. However, demand has remained weak since buyers are still concluding deals only to meet their immediate needs.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
480-490 |
485-495 |
1.5 mm HRS |
520-530 |
515-525 |
2-12 mm HRC (for large tonnages) |
460-465 |
|
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.