In the Turkish flat steel spot market, demand has remained low and prices have remained stable over the past week. Trade is still extremely low due to the Covid-19 lockdown, the Ramadan period and the approach of the holiday at the end of Ramadan. Buyers want to observe the market conditions, while stock levels are still low in the spot market.
"We expect a silent market and stable prices at least until the end-of-Ramadan holiday is over. Stocks are still low in the market and we will continue to follow producers' prices as always. We believe we will see further increases after the holiday period, because producers indicate they will increase their prices further," a trader told SteelOrbis.
Spot prices have not changed week on week.
|
Product |
Price ($/mt) |
|
|
Ereğli |
Gebze |
|
|
2-12 mm HRC |
1,010-1,080 |
1,070-1,090 |
|
1.5 mm HRS |
1,090-1,110 |
1,080-1,110 |
|
3-12 mm HR P&O |
1,150-1,170 |
1,160-1,190 |
|
0.6 mm CRC |
1,350-1,360 |
1,350-1,370 |
|
0.7-2 mm CRC |
1,400-1,410 |
1,400-1,420 |