Turkish flat steel retailers have been directly impacted by the rise in hot rolled coil (HRC) prices and have raised prices, while business activity has improved substantially due to the rise in demand for container houses or other products specifically needed for the earthquake-hit zones in the country.
“Since the earthquake happened, prefabricated, container, stove, and shelf products have seen a significant increase in demand. As a result, we give these products top priority in manufacturing and even offer retailers and companies that make these products the dimensions that they need for them.” a larger trader told SteelOrbis.
Currently, domestic retail hot rolled sheet (HRS) prices have increased by $20-30/mt from the previous week to $850-860/mt ex-warehouse.
“We are currently sleeping in container homes at our plant in Iskenderun with our colleagues, and our goal is to increase container house production at our factory by acquiring more flat steel than we have inventories of,” a trader in Iskenderun told SteelOrbis.
Similar trends can be seen in the market for cold rolled sheet (CRS). Over the last week, the majority of traders increased their prices by $10-20/mt to $930-950/mt ex-warehouse.
