The Turkish domestic flat steel market has started this week with stagnant demand. Liquidity shortages in the market, where the prices have been following a sideways trend, have increased day by day, while traders have also been struggling with limited stock levels. Although steel mills' flat steel prices decreased last week, traders with low stocks did not reduce their prices. In the meantime, flat steel demand, which had expected to improve in September, has not recovered yet, while ex-China offers at low prices have prevented demand from improving. Although demand had previously shown some signs of improvements, it has remained on the weak side this week.
The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of
Turkey are as follows:
Product |
Price ($/mt) |
Eregli |
Gebze |
2-12 mm HRC |
650-660 |
650-660 |
1.5 mm HRS |
695-710 |
690-710 |
3-12 mm HR P&O |
695-700 |
695-710 |
0.6 mm CRC |
785-790 |
790-800 |
0.7-2 mm CRC |
755-760 |
750-760 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.