Turkey’s pricing for coated and cold-rolled coils (CRC) remains relatively stable, despite the $100/mt hike seen in the HRC prices this week. Only some re-rollers have been voicing higher offers, but generally end-user demand is still not supporting the current price levels.
As for hot-dip galvanized (HDG) coils, the current offer levels are at $1,420-1,450/mt ex-works base and up to $1,470/mt ex-works, but some sellers say the workable prices are closer to $1,400/mt ex-works. Similar levels are offered for exports. This week, around 15,000 mt of HDG were sold to Europe, particularly to Italy, Greece, Spain and Antwerp, SteelOrbis has learned. Local pre-painted galvanized iron (PPGI) prices are at $1,530-1,550/mt ex-works, but for exports $1,500-1,520/mt FOB levels seem to be available. As for tinplate, the latest offers were reported at $1,750/mt ex-works last week. Currently, the mills are sold out for June and are taking their time to announce new offers. HDG and PPGI are offered for May production, SteelOrbis understands.
In the CRC segment, local prices have moved up by $10-20/mt over the past week to $1,400-1,430/mt ex-works base for May production. The import offers from China have been disclosed at $1,140/mt CFR, which is quite competitive even given the 10 percent import tax.
