Turkey’s CRC prices rise due to stronger market fundamentals

Tuesday, 27 October 2020 17:13:54 (GMT+3)   |   Istanbul

Re-rollers in Turkey have managed to increase their offer prices for cold rolled coils (CRC), taking into account slightly improved demand and some shortage of material available in the market. In particular, the ex-CIS allocation has been almost non-existent.
 
Domestic CRC prices in Turkey have increased by $10-20/mt over the past week to $600-620/mt ex-works base from most mills. In the meantime, some producers are offering $630-640/mt ex-works, SteelOrbis has learned. The offers are for December and January production. “There is demand for January deliveries and overall the market looks stable in terms of HRC, scrap and the rest. The only issue now is the local currency,” a trader told SteelOrbis.
 

AnnaVoloshenko
Anna Voloshenko
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Having now over 14 years of experience in steel market analyses and price reporting, joined SteelOrbis in 2019 to head and manage the market intelligence department. Currently overlooking the price developments in the steel sectors of Turkey, MENA region, Europe and partly the CIS. The markets of flats, longs, steel slab and billet are among the current key responsibilities. I have a bachelor’s degree from Ukraine’s Dnipro National University, a master’s degree in the international trade and finance.

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