Domestic cold rolled coil (CRC) prices in Turkey have rebounded, following the positive trend in the hot rolled coil (HRC) segment and supported by a slight improvement in local sales.
This week, most Turkey-based re-rollers have been quoting CRC at $505-520/mt ex-works for local customers, by $15-20/mt up over the past week, SteelOrbis has learned. Higher HRC prices, though not yet workable, became the key reason for the uptrend. However, some sellers managed to trade CRC at above $500-505/mt ex-works. The product is still mainly available for June deliveries.
In the export segment, the situation is less favourable for suppliers, with prices being largely set at $480-510/mt FOB depending on the mill. Some sources have reported sales to the EU at $470/mt FOB base and slightly below.
Import offers have been scarce in Turkey, partly as CIS-based mills are getting ready to sell for July shipments. Ex-South Korea offers are reported at around $510-520/mt CFR.
