In the Turkish domestic flat steel market this week, producers' prices have trended sideways, after indicating a rising trend since late December. Accordingly, Turkish producers' domestic hot rolled coil (HRC) offers are still at $650-670/mt, while their cold rolled coil (CRC) offers are standing at $790-800/mt, both ex-works.
Amid higher prices, buyers are still abstaining from purchasing large tonnages. If flat steel prices rise next week in the global markets as expected, it is thought that buyers may then accelerate their bookings, causing a revival in the currently weak demand. In addition, if scrap prices continue to increase and the US dollar keeps on losing strength against the Turkish lira, Turkish producers may again increase their prices to some extent.
The domestic flat steel spot market has remained quiet this week, with prices trending sideways. Local traders' HRC prices in the Eregli and Gebze local markets have been at $650-670/mt ex-warehouse. However, it is thought that traders' flat steel sales prices may increase after next week.
Turkish flat steel market remains quiet with stable prices
Marketplace Offers
Hot Rolled Coil
Thickness
1.5 - 25 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Cold Rolled Coil
Thickness
0.4 - 2.5 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Hot Rolled Coil
Thickness
0.8 - 5 mm
Width
1,150 - 1,850 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED