Demand for domestic producers' products is still weak in the local Turkish hot rolled coil (HRC) market, with buyers postponing their purchases in the current week as it is the last week of the year. Turkish steel producers have started to announce their domestic prices for February output during the past week, increasing them by $20/mt on the upper end to $530-560/mt ex-works.
In the same period, demand in the Turkish HRC spot market has been at low levels due to buyers postponing their purchases until next year, while cash flow problems continue to exist. It is observed that HRC spot prices in Turkey have remained stable during the past seven days.
The domestic sales prices of traders for local and imported hot rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:
Product |
Price ($/mt) |
|
Eregli |
Gebze |
|
2-12 mm HRC |
510-520 |
510-530 |
1.5 mm HRS |
550-560 |
555-575 |
2-12 mm HRC (for large tonnages) |
490-500 |
|
3-12 mm HR P&O |
560-570 |
580-610 |