Turkey’s local and export prices for coated steel have continued to move down, under pressure from low demand while stocks have remained high. Buyers have been insisting on lower prices and their requests have been accepted by the re-rollers. However, with some rebound seen in the global iron ore and scrap markets, suppliers are reportedly unwilling to decrease their prices further as the negative sentiment has eased somewhat in the market. Buyers, in the meantime, believe lower price levels are still possible due to the price fall in the Chinese hot rolled coil segment, suggesting that other flat products will follow.
On the export side, demand has been better than in the local market but has not fully recovered yet. Buyers are cautious due to lower Chinese export prices and they prefer to buy only in order to cover their urgent needs.
Turkish mills’ price offers for coated products for their domestic and export markets are presented in the following table.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
620-640 |
-15/-10 |
HDG 1 mm 100gr/m² |
610-620 |
-10 |
HDG 2 mm 100gr/m² |
560-590 |
-10 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
730-760 |
-20 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-730 |
-10/-20 |
PPGI RAL 9002 1 mm 100 gr/m² |
690-700 |
-10 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
620-640 |
-10 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
710-720 |
-20 |