Demand received by Turkish producers has also softened over the past week, though producers have kept their prices unchanged. Additionally, decreasing iron ore prices have also started to put pressure on flat steel prices, even though scrap prices are resisting against downward pressures.
Producers' HRC prices have remained in the range of $590-605/mt mt, while discounts are available to certain buyers and depending on tonnages.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
600-610 |
605-615 |
2-12 mm HRC (for large volume sales) |
590-600 |
|
1.5 mm HRS |
630-640 |
635-645 |
3-12 mm HR P&O |
635-640 |
645-650 |
The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.