In March, a Turkish steel producer suspended its wire rod production to be able to increase its rebar production instead. Accordingly, the volume of wire rod supply in the local Turkish market declined. Since wire rod is used as raw material in cold drawing special steel production, this development has been causing supply problems in the special steel market in Turkey. In the current week, special steel prices in the local Turkish market have increased amid production problems experienced in Turkey's domestic special steel market and due to the rises recorded in import scrap and iron ore quotations. On the other hand, buyers in the local Turkish special steel market are only concluding deals in line with their needs and are postponing other buying activities as they are expecting special steel prices to soften in the coming period.
As of April 20, 2016, Turkish steelmaker Coskun Group's special steel prices are at the following levels:
Product |
Quality |
Type of production |
Price (TRY/kg) |
Carbon steel |
SAE 1040-SAE 1070 |
Hot rolled |
1.53 ($0.54/kg) |
Carbon steel |
SAE 1040-SAE 1050 |
Cold drawing |
1.64 ($0.58/kg) |
Carbon steel |
S355JR |
Hot rolled |
1.53 ($0.54/kg) |
Carbon steel |
S235JR |
Hot rolled |
1.47 ($0.52/kg) |
Carbon steel |
S235JR-SAE 1008 |
Cold drawing |
1.59 ($0.56/kg) |
Heat treatable steel |
SAE 5140 (41Cr4) |
Hot rolled |
1.65 ($0.58/kg) |
Heat treatable steel |
SAE 4140 (42CrMo4) |
Hot rolled |
1.87 ($0.66/kg) |
Spring steel |
55Cr3 |
Hot rolled |
1.80 ($0.64/kg) |
Spring steel |
60SiMn5 |
Hot rolled |
1.80 ($0.64/kg) |
The above prices are for advance payments, exclusive of 18 percent VAT and freight costs.
$1 = TRY 2.83