During the past week, demand has remained weak in the local Turkish cold rolled coil (CRC) market, while CRC prices have moved sideways. Market sources state that demand is not expected to recover until after the referendum to be held on April 16. Also, discounts are still heard during actual purchases depending on the order volume.
In the meantime, Turkish steel producers' CRC prices for their domestic market have moved sideways in the range of $650-670/mt ex-works.
Turkish traders' CRC prices in the local Turkish spot market have remained unchanged week on week and are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
0.6 mm CRC |
700-710 |
710-730 |
0.7-2 mm CRC |
670-680 |
680-700 |
The offers are on ex-warehouse basis, for April delivery, and exclude 18 percent VAT.