Turkish flat steel prices in the market have continued to increase during the week to Friday December 4, with demand being strong, sources told Fastmarkets.
The good demand this week was mostly because coated coil producers and pipe makers had low stock levels.
*** Turkish flat steel , Domestic prices
Fastmarkets’ weekly price assessment for steel hot-rolled coil, domestic, exw Turkey, was $690-700 per tonne on December 4, rising from $660-670 per tonne on November 27.
Turkish HRC producers were offering at $700-720 per tonne ex-works for March production, rising from $۶۷۰-۶۹۵ per tonne ex-works last week.
Deals for Turkish HRC were heard at $690-700 per tonne ex-works during the week in the local market.
Fastmarkets’ weekly price assessment for steel cold-rolled coil, domestic, exw Turkey, jumped to $850-860 per tonne on December 4, from $790-800 per tonne on November 27.
Producers were offering material at $850-860 per tonne ex-works, up from $790-800 per tonne ex-works last week.
*** Turkish flat steel , HRC exports
HRC export prices showed similar large increases over the week.
Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey, was $695-700 per tonne on Friday, rising from $655-665 per tonne on November 27.
And Turkish producers were offering the product at $700-720 per tonne fob during the week.
One HRC export deal for about 8,000 tonnes was heard to Spain at $695 per tonne fob for March production.
Turkish sources noted that demand in the steel export markets was strong because of low inventory levels.
But the European Commission (EC) has made imports of hot-rolled flat steel from Turkey subject to registration upon arrival into the EU, it said on November 13. This would make it possible to impose an anti-dumping duty retroactively.
*** Import prices
HRC was offered for import from Russia’s MMK at $660 per tonne cfr this week, rising from $635 per tonne cfr last week.
Compatriot company NLMK offered similar product at $670 per tonne cfr Turkey.
Chinese HRC was also on offer at $660 per tonne cfr Turkey, but it was for March shipping and buyers were reluctant to book because of the long delivery time.
Fastmarkets’ weekly price assessment for steel HRC, import, cfr main port Turkey, was $660-670 per tonne on December 4, rising from $630-635 per tonne on November 27.
The CRC import market was slow over the past week.
China offered the product at $730 per tonne cfr, but no major deals were made from the country.
No new prices were heard from CIS countries, the traditional source of CRC imported into Turkey.
As a result, Fastmarkets’ weekly price assessment for steel CRC import, cfr main port Turkey, was $710-730 per tonne on November 4, rising from $670-710 per tonne on November 27.
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