Demand has shown no recovery in Turkey’s flat spot market, which resulted in another $10-20/mt drop in prices over the week. Additional discounts remain possible as stocks are high and the number of orders is still very limited since buyers create pressure on prices. For cash payment inquiries trades are especially flexible, SteelOrbis has learned. “We are trying to pass this period with minimum damage, demand is really sluggish and expectations are also negative. Everybody in the market tries to increase cash flow and from time to time we are hearing really serious discounts,” a trading source trader told SteelOrbis. “Our market is not a healthy one now, that's why prices differ. We can understand extreme discounts, when someone has any opportunity to sell their material and get cash, they can be really flexible. Otherwise there is no way to decrease stocks and there are no reasons to wait since the market will hardly improve,” anther stockist said.
Product |
Price ($/mt) |
|
Ereğli |
Gebze |
|
2-12 mm HRC |
450-470 |
460-480 |
1,5 mm HRS |
480-510 |
490-520 |
3-12 mm HR P&O |
490-510 |
510-530 |
0,6 mm CRC |
570-580 |
580-590 |
0,7-2 mm CRC |
530-540 |
530-550 |