Turkish mills yet to announce their new HRC prices

Thursday, 05 May 2011 16:06:26 (GMT+3)   |  
Turkish flat steel producers are yet to announce their new price levels.
 
The  Turkish mill Çolakoğlı Metalürji has not yet announced its hot rolled coil domestic price for late June production. The producer's latest local HRC sales price was at $750/mt ex-works.
 
On the other hand, after concluding transactions for July production HRC at $730-760/mt, the Turkish integrated steelmaker Erdemir is anticipated to announce its new prices for August production.
 
With the influence of raw material price hikes, local producers' new HRC prices are foreseen to move close to the level of $780/mt ex-works. Besides, HRC prices from the CIS producers are expected to be a decisive factor in the Turkish flat steel producers' new prices.

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