Warehouse flat steel prices in Turkey decline

Friday, 23 August 2019 15:36:02 (GMT+3)   |   Istanbul
       

According to stockists, demand in the Turkish spot flat steel market has remained at low levels over the past two weeks. Buyers have generally postponed their orders and have only made bookings to meet their urgent needs. Market sources state that ongoing problems regarding cash flow have caused the low demand and that they do not expect that demand to recover in the short term.

In the same period, local stockists’ prices have decreased by $20/mt for hot rolled coil (HRC) and cold rolled coil (CRC) and declined by $15/mt on average for hot rolled pickled and oiled (HR P&O) materials.

Product

Price ($/mt)

Ereğli

Gebze

2-12 mm HRC

530-540

540-550

1,5 mm HRS

570-580

575-605

2-12mm HRC (for large tonnages)

 

520-530

3-12 mm HR P&O

570-580

600-610

0.6 mm CRC

635-645

645-665

0.7-2 mm CRC

605-625

615-635


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