This week, buyers in the local Turkish cold rolled coil (CRC) market have continue to postpone their bookings due to the approach of the New Year, resulting in weak demand for domestic producers’ products. Turkish CRC producers have maintained their prices unchanged week on week at $620-630/mt ex-works.
Meanwhile, traders in the local Turkish CRC spot market, who had for some time found it difficult to reflect the uptrend in producers’ CRC prices in their own quotations, have finally increased their prices this week, as higher-priced CRC previously booked has started to enter their inventories. However, buyers are still cautious about making new bookings amid the ongoing economic and political uncertainties in the country.
Currently, traders’ CRC prices in the local Turkish spot market are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
650-660 |
660-680 |
0.7-2 mm CRC |
620-630 |
630-650 |
The offers are on ex-warehouse basis, for December delivery, and exclude 18 percent VAT.