Last month's offers for Ukrainian steelmaker Ilyich production HRC, which varied in a range of $730-740/mt CFR Turkey, have this month soared to a level of around $800/mt CFR Turkey. Meanwhile, the mill's offers for CRC have increased to the level of $860/mt CFR Turkey. On the other hand, some sales for HRC this week, which were heard to have been concluded in a range of $770-780/mt CFR, were made for material held in stock.
This month, offers for another Ukrainian steelmaker Zaporizhstal production HRC have jumped to a level of around $785/mt CFR Turkey, up from its previous level of $685/mt CFR Turkey last month. Despite the announced prices, it is heard that some sales have been made in a range of $770-780/mt CFR Turkey. The mill's offers for CRC have soared to the level of $870/mt CFR Turkey from its last month's level of $770/mt CFR Turkey. However, the mill's order book was filled up on the same day the prices were announced.
Offers for Russian steelmaker Severstal production HRC have increased to $845/mt CFR Turkey this month from last month's level of $760/mt CFR Turkey. Meanwhile, the mill's offers for CRC have risen to the level of $905/mt CFR Turkey from the level of $790/mt CFR Turkey last month. Although prices are on an uptrend, the tonnages allocated for export are very limited due to the strength of the Russian domestic market.
Although Russian steelmaker MMK has not made any official price announcement for HRC, some prices varying in a range of $850-860/mt CFR Turkey are heard in the market. However, there is no price level available for the mill's cold rolled materials for now.
This month, Bulgarian steelmaker Kremikovtzi has not announced any price level for shipments to Turkey. Furthermore, buyers are not rushing to seek out the mill's materials, both due to the shortage of its available material as well as due to other problems reported by the mill.
As regards the future, Turkish steelmaker Erdemir's expected increase for domestic prices is being talked about in the market. In addition, it is expected that prices for import materials will continue rising with the price announcement to be made in the coming month. As for the domestic market, buyers are still experiencing problems in sourcing material.
