In Turkey, the domestic flats re-rolling companies have followed the uptrend seen in the HRC segment and have further increased their prices, against the backdrop of the impact of the war in the Middle East on the maritime operations and international freight rates, along with generally pessimistic expectations for the situation in the Middle East. At the same time, the domestic demand for CR and coated products is still insufficient as most buyers postpone active purchases amid the unclear market prospects.
Over the past week, Turkey’s domestic HDG 0.5 mm Z100 prices have increased in official offers from $790-805/mt ex-works to $800-820/mt ex-works. Still, the levels of $780-790/mt ex-works are considered workable. As for exports, the price situation is rather tricky, taking into account slow demand and uncertainties in sales to Europe. The official export offers are at $730-760/mt FOB, up $10-20/mt over the past week, although some suppliers consider there is no workable price over $720-730/mt FOB currently. In the PPGI segment, the commercial grade prices are at $890-935/mt ex-works depending on the region.
Domestic CRC offers in Turkey are now mainly set at $690-710/mt ex-works, up $10/mt over the past week. However, suppliers admit nothing over $700/mt ex-works is workable at the moment. Export offers for CRC from Turkey are now at $660-680/mt FOB and up to $700/mt FOB in some cases, but $10/mt discounts are considered applicable.
