With the support of higher hot rolled coil (HRC) prices in the country, Turkish rerollers have increased their coated steel prices by $10-20/mt since last week but demand has remained low. "Producers are mostly sold out for September production and for October. We have now higher raw material costs due to higher HRC prices," one re-roller told SteelOrbis. "This week we started to hear higher price expectations for HRC for October production and, if HRC prices increase further, coated steel prices will follow for sure. Now demand is low due to the upcoming Feast of Sacrifice holiday, but it is highly possible higher price levels will be seen after the holiday," another producer told SteelOrbis.
On the export side, demand has remained low as before, while prices have increased because of increased raw material costs.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change($/mt) |
HDG 0.50 mm 100gr/m² |
600-620 |
+20 |
HDG 1 mm 100gr/m² |
560-580 |
+20 |
HDG 2 mm 100gr/m² |
550-560 |
+20/+10 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
780-800 |
+10 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
700-720 |
+20 |
PPGI RAL 9002 1 mm 100 gr/m² |
690-700 |
+10 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change($/mt) |
HDG 0.50 mm 100gr/m² |
590-610 |
+10 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
690-710 |
+10 |