Traders in the local Turkish cold rolled coil (CRC) market have gradually decreased their prices by $30/mt compared to the previous month due to slack demand. Meanwhile, market sources state that on the producers' side lower ex-Ukraine CRC offers in the range of $530-535/mt have been putting downward pressure on Turkish steel producers' prices. However, Turkish steel producers in a bid to boost activity in the local market have increased their CRC prices by $5/mt over the past week to $610-630/mt despite lower CRC offers in the global market.
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 675-705 | 680-700 |
0.7-2 mm CRC | 635-655 | 645-665 |
The offers are on ex-warehouse basis and exclude 18 percent VAT.