Demand in the Turkish hot rolled coil (HRC) market has decreased slightly over the past week due to the approach of the end of the month. Market sources state that demand in the second quarter of the year has so far been satisfactory and they expect demand to rise again to medium levels at the beginning of June. Deliveries which had been delayed have recommenced and so the tightness observed in availability of HRC and hot rolled pickled and oiled coil over the past few weeks has eased.
Both producers' offers and the HRC prices in the spot market have remained unchanged since last week, while producers have been continuing their sales for July and August. Producers' prices are still at $590-605/mt ex-works and $5-10/mt discounts are available to certain buyers and depending on tonnages.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
600-610 |
605-615 |
2-12 mm HRC (for large volume sales) |
590-600 |
|
1.5 mm HRS |
630-640 |
635-645 |
3-12 mm HR P&O |
635-640 |
645-650 |
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.