In the Turkish coated steel market, prices have remained unchanged over the past week and demand has been low. The Ramadan period and the approach of the holiday at the end of the period, as well as the current Covid lockdown, have affected demand negatively, and buyers have been aiming to gain a clearer picture of the market conditions and have postponed their active purchases until after the holiday. "We see almost every year low demand in the Ramadan period, but this year the current lockdown and the record-high price levels have also affected demand very negatively. Buyers believe prices are now at peak levels, but hot rolled coil producers are already determined to increase their price levels after the holiday. Buyers expect us to find cheap sources for our raw materials, but demand is good also in foreign destinations like the CIS and Europe. We are out of cheap feedstock and are trying to arrange our price levels very carefully because we also want to continue to sell to our regular customers in the local market," a producer told SteelOrbis.
On the export side, demand has remained good and producers have only a limited quota for August production, but they continue to offer for September production. Prices for export destinations have also remained stable over the past week.
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Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
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HDG 0.50 mm 100gr/m² |
1,330-1,380 |
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HDG 1 mm 100gr/m² |
1,280-1,300 |
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HDG 2 mm 100gr/m² |
1,230-1,270 |
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PPGI RAL 9002 0.3 mm 100 gr/m² |
1,600-1,620 |
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PPGI RAL 9002 0.5 mm 100 gr/m² |
1,420-1,450 |
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PPGI RAL 9002 1 mm 100 gr/m² |
1,370-1,420 |
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Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
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HDG 0.50 mm 100gr/m² |
1,330-1,350 |
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PPGI RAL 9002 0.5 mm 100 gr/m² |
1,420-1,440 |