Trading remains rather challenging for coated and cold-rolled coil (CRC) sellers in the Turkish market, specifically for those who have some stocks to sell. The uncertain situation in the feedstock segment adds to the pressure. However, overall prices for the mentioned materials have stabilized this week and some re-rollers have been insisting on somewhat higher levels as they have started offering for April deliveries.
According to sources, a majority of hot-dip galvanized (HDG) coil offers in Turkey are still at $1,050-1,100/mt ex-works base, while some mills have started voicing $1,120/mt ex-works levels once again. “Local demand [for GI] is not that great and exports are zero to the EU,” a source told SteelOrbis. In the pre-painted galvanized iron (PPGI) segment, the current offer levels are at $1,150-1,180/mt ex-works from most sellers, but prices $20/mt higher are also seen from some producers, again for April deliveries.
In the cold-rolled coil (CRC) segment, according to most market sources, the lowest levels available are at $950-970/mt, but mostly for material from producers’ stocks. For fresh production, a majority of sellers are at $980-1,000/mt ex-works and slightly above.
