Turkey’s coated steel prices have not changed over the past week, while demand has failed to recover. Discounts of up to $20/ mt are still on the table for real buyers and there is pressure on prices as buyers insist on lower prices due to reduced hot rolled coil prices. Coated steel producers are offering for April or May delivery. The market is slow and trading activity is insufficient because buyers want to wait for a clearer picture of the HRC market in Turkey. "We also expect lower prices from HRC producers due to lower scrap prices and limited demand, but our firm bids are still not accepted. Before we see our raw material prices, it is not possible for us to give further discounts. But buyers consistently insist on lower prices. That is the main reason for low demand now," a producer told SteelOrbis.
Demand is also low in the export markets, mainly because of Covid-19 measures. Demand is expected to recover in global markets, especially after the loosening of the current measures, but many buyers also want to observe the market outlook after the Chinese New Year holiday. During the Chinese holiday season, demand is not expected to recover even if Covid-19 measures are ease.
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Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
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HDG 0.50 mm 100gr/m² |
990-1,020 |
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HDG 1 mm 100gr/m² |
930-950 |
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HDG 2 mm 100gr/m² |
900-930 |
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PPGI RAL 9002 0.3 mm 100 gr/m² |
1,160-1,200 |
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PPGI RAL 9002 0.5 mm 100 gr/m² |
1,050-1,090 |
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PPGI RAL 9002 1 mm 100 gr/m² |
1,010-1,050 |
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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 |
970-1,010 |
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PPGI RAL 9002 0.5 mm 100 gr/m² |
1,030-1,070 |