Turkey’s re-rollers have generally maintained their offers for cold rolled coil (CRC) and hot dip galvanized coils (HDG) over the past week, given relatively stable feedstock prices. Still, the workable prices vary from mill to mill as the demand has reportedly been extremely low.
In the HDG segment, domestic prices in Turkey for base specification are mainly standing at $680-700/mt ex-works, while the levels of $660-675/mt ex-works are reported by buyers as given by certain mills. In the meantime, some sources say there are offers in the market as high as $710-720/mt ex-works, but those are not considered workable. On the export side, Turkey’s HDG has increased by around $5-10/mt over the week to $670-685/mt ex-works. Sellers say that since the European Union (EU) is on holiday, trading activities have been slow.
Local CRC prices in Turkey are at $590-610/mt ex-works still with some offers reported at $575-580/mt ex-works for some specific customers. Around same levels are offered for exports with no deals heard. In the import segment no fresh CRC offers have been heard as the CIS is expected to return to the market with prices for March shipment by mid-January, SteelOrbis understands.
