While the scrap market displays volatile trends and domestic demand continues to be sluggish, Turkish hot rolled coil (HRC) mills try to keep prices stable, resulting in spot market traders maintaining the hot rolled sheet (HRS) offer. On the other hand, due to persistently low levels of business activity, the majority of traders have chosen to cut their cold rolled sheet (CRS) pricing, bringing them closer to producers' levels.
As a result, the workable domestic hot rolled sheet prices have remained stable week on week at $600-620/mt ex-warehouse. Some medium-size traders are trying to offer $630/mt ex-warehouse, which is hard to achieve in the current conditions.
On the other hand, in the cold rolled sheet market, most traders are offering at around $720-750/mt ex-warehouse, versus $740-770/mt ex-warehouse seen last week. According to reports, bigger traders offer at around $750/mt ex-warehouse, and other mid-sized and smaller traders are selling at around $720-740/mt ex-warehouse. However, some smaller-sized traders have submitted aggressive offers this week at around $705-715/mt ex-warehouse.
Meanwhile, Turkey's official cold rolled coil (CRC) prices in the domestic market stand at $680-700/mt ex-works.
