During the past week, demand in the local Turkish cold rolled coil (CRC) market has remained at low levels. Market sources state that Turkish steel mills’ CRC prices to their domestic market have declined amid the downward pressure exerted by buyers, moving down by $10/mt week on week to $710-730/mt ex-works. The sources also stated that buyers are still postponing their domestic CRC purchases as they prefer to continue to monitor the global flat steel market.
In the spot market, prices of domestic CRC sold by local traders have also remained stable week on week, at the following levels.
|
Product |
Price ($/mt) |
|
|
Eregli |
Gebze |
|
|
0.6 mm CRC |
750-760 |
760-780 |
|
0.7-2 mm CRC |
720-730 |
730-750 |
The offers are on ex-warehouse basis, for February delivery, and exclude 18 percent VAT.