Turkish coated steel prices move up again, supply tight

Tuesday, 10 November 2020 15:00:56 (GMT+3)   |   Istanbul
       

Supported by higher hot rolled coil (HRC) and scrap prices, coated steel prices have increased by $10-30/mt in the local Turkish coated steel market since last Thursday. Demand is reported to be high and re-rollers are offering HDG for February and PPGI for January production. "In addition to the current market circumstances, there are problems in terms of availability in the market. HRC producers are offering mostly for February production and this also supports our prices and demand," a re-roller told SteelOrbis.

Demand for Turkish coated steel exports is also good and export prices have increased by $30/mt since last Thursday.

Turkish domestic prices (ex-works)

Product

Price ($/mt)

Weekly change ($/mt)

HDG 0.50 mm 100gr/m²

760-790

+25/+30

HDG 1 mm 100gr/m²

720-750

+30/+40

HDG 2 mm 100gr/m²

690-710

+20/+10

PPGI RAL 9002 0.3 mm 100 gr/m²

900-930

+10/+20

PPGI RAL 9002 0.5 mm 100 gr/m²

850-880

+15/+20

PPGI RAL 9002 1 mm 100 gr/m²

820-850

+20

Turkish export quotations (FOB)

Product

Price ($/mt)

Weekly change ($/mt)

HDG 0.50 mm 100gr/m²

750-770

+30

PPGI RAL 9002 0.5 mm 100 gr/m²

850-870

+30


Tags: Flats Turkey Europe 

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