On the other hand, domestic HRC demand is still weak in the Turkish market. During the past week, HRC offers from Turkish producers to their local market have increased by $5/mt to $510-525/mt ex-works, for December and January production. Market sources believe that, due to slack market conditions, producers have decided to raise their prices to attract buyers' attention. However, last week ex-CIS HRC offers to Turkey decreased by $10/mt on the lower end, and so Turkish producers' strategy is unlikely to gain success. Last week, the lowest ex-CIS HRC offers to Turkey were at $440/mt CFR.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
560-580 |
565-585 |
1.5 mm HRS |
590-610 |
595-615 |
2-12 mm HRC (for large volume sales) |
550-570 |
|
3-12 mm HR P&O |
605-620 |
615-630 |
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.