While the prices of Turkish scrap and hot rolled coil (HRC) have been solid and stable, traders in the flat steel spot market, who had been offering lower-end domestic workable levels, have chosen to raise their prices slightly. However, according to market participants, even if present strong market sentiments are influencing pricing due to ongoing sluggish business activity, many small and medium-sized traders provide discounts to serious customers. Aside from that, the continued domestic financial difficulties and expected rises in expenses have created uncertainty and concern among flat steel spot market traders for the coming month's prediction.
According to reports, this week's workable domestic hot rolled sheet prices have increased by $10/mt week on week to $730-740/mt ex-warehouse. Larger traders are providing around $740/mt ex-warehouse, while medium-sized and smaller traders are giving approximately $730-735/mt ex-warehouse. However, as previously said, certain traders offer reductions and offer prices range from $710-720/mt ex-warehouse just for serious and sizable purchasers.
In the cold rolled sheet market, on the other hand, the majority of traders have chosen to increase their prices from $830-870/mt ex-warehouse to $840-880/mt ex-warehouse. Meanwhile, a few traders are offering prices that are overly high in comparison to domestic workable levels, approximately $900/mt ex-warehouse.
