Demand in the Turkish hot rolled coil (HRC) market is still at medium levels, with market prices remaining unchanged since last week. Market players have accepted producers' price increases, while the weakening of the dollar against the Turkish Lira is seen as a sign that prices will maintain their strength. In addition, while for a long time buyers used to place orders once every two months, they have now completed their orders for June and have already started placing orders for July. This is viewed as reflecting increasing demand in the second quarter of the year.
On the other hand, demand for HRC received by Turkish mills is still at medium levels, while the mills' HRC prices have increased by $10/mt week on week and are currently at $590-605/mt ex-works. The producers, having started to take orders for July, indicate that they are pleased with the market conditions.
Product |
Price ($/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.