Turkish HRC suppliers manage to maintain prices
World Steel News 11.9.2014
Moderate domestic demand for HRC in Turkey keeping steady, suppliers maintain prices and in some cases even make attempts to press for higher levels.
Erdemir Group has kept HRC quotes at $590-595/t EXW/FCA/FOB to domestic buyers. Here and below prices are given without 18% VAT. The company representatives inform that Erdemir has almost finished sales of November volumes. Colakoglu Metalurji tables prices for the material to be made in the first half of November at $590-600/t EXW/FCA depending on buyer, sales are made at a lower end of the price range. In the meantime, Habas, after selling at least 15,000-20,000 t to Marmara region at $585/t CFR, is now trying to get $10/t higher for September HRC. Products from Habas are in good demand in general among traders due to acceptable quality and fast delivery of some 15 days.
Export prices for Turkish HRC continue to range within $590-595/t FOB. Inquiries are coming mostly from the USA and Canada. Selling to Europe is hard due to unfavourable rate of the euro against the US dollar – EUR1 = $1.29.
Market players believe the situation in the Turkish HRC market will not change drastically soon. “No price increase is expected to occur because of low iron ore prices [in China]. Maybe buyers will get discounts, but the drop in Turkish HR product prices will not be critical,” a large international trader commented to Metal Expert.
đang được dịch, vui lòng đợi..