Demand in the local Turkish hot rolled coil (HRC) market has remained slack during the past week, since buyers have started to adopt a wait-and-see stance amid decreasing prices of raw material and finished steel in China, resulting in slack purchasing activity in the Turkish market. As a result, Turkish steel producers have maintained their domestic HRC prices unchanged at $570-600/mt ex-works.
Meanwhile, in line with the situation on the producers’ side, demand is also slack in Turkish HRC spot market. Accordingly, HRC prices given by traders in the Eregli region have decreased by $10/mt on average, while hot rolled pickled and oiled coil (HR P&O) prices have decreased by an average of $15/mt week on week. Meanwhile, quotations from traders in the Gebze region have remained stable week on week.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
555-565 |
585-595 |
1.5 mm HRS |
595-605 |
615-625 |
2-12 mm HRC (for large tonnages) |
530-550 |
|
3-12 mm HR P&O |
590-610 |
625-635 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.