Over the past week, demand in the local Turkish coated steel market has been low, though prices have increased on average. The key reason for the increase in prices is that higher local and import hot rolled coil prices have been gradually accepted. As a result, the domestic HDG base price range has widened from $670-685/mt ex-works last week to the current $660-700/mt ex-works, with the lower end being obtainable only from a limited number of sellers.
Coated steel demand remains low in the local market as buyers are cautious given the uptrend of prices and the approach of the end of the year. Therefore, they prefer just to observe end-user activity for now.
On the other hand, one coated steel producer commented, “It is becoming obvious that we will pay at least $500/mt ex-works for March production HRC. Accordingly, coated steel prices must continue to increase.”
On the export side, demand in the EU is low due to the approaching holiday season, while most buyers are reluctant to negotiate and report that the number of offers in the region is limited.
Turkish mills’ domestic and export offers for coated steel for February production are as follows:
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
660-700 |
-10/+15 |
HDG 1 mm 100gr/m² |
640-660 |
-10/+15 |
HDG 2 mm 100gr/m² |
600-630 |
-10/+15 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
910-920 |
+10/+5 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
760-780 |
+10/+5 |
PPGI RAL 9002 1 mm 100 gr/m² |
730-740 |
+10/+5 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
660-680 |
-10/+15 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
750-770 |
+10/+5 |