Demand in the local Turkish hot rolled coil (HRC) spot market is still slack this week, while prices have moved sideways over the past week. Market players are still experiencing cash flow problems in the spot market and this problem is not expected to be resolved in the near term.
On the other hand, Turkish producers’ HRC prices have remained unchanged in the given period at $310-320/mt ex-works for February production. Meanwhile, Turkish producers continue to offer volume discounts, depending on buyer and tonnage. Turkish buyers are reluctant to conclude domestic HRC bookings before CIS-based HRC suppliers return from their Christmas holiday and make new offers next week.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
340-350 |
345-355 |
1.5 mm HRS |
380-390 |
375-385 |
2-12 mm HRC (for large tonnages) |
|
330-340 |
3-12 mm HR P&O |
380-390 |
395-400 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.