Over the past week, demand for domestic producers’ products in the local Turkish hot rolled coil (HRC) market has started to increase, especially due to the end of Ramadan. Meanwhile, Turkish domestic HRC prices moved up by $10/mt week on week to $500-520/mt ex-works early this week, supported by the uptrend of global flat steel prices and by improved domestic demand.
On the other hand, in the local Turkish HRC spot market, with the purchases which started last week, demand has recovered slightly and, as a result, prices have increased by $20/mt week on week.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
540-560 |
550-580 |
1.5 mm HRS |
580-600 |
595-625 |
2-12 mm HRC (for large tonnages) |
|
530-550 |
3-12 mm HR P&O |
600-610 |
620-650 |