Plate prices stable in Turkey, but under pressure

Friday, 02 July 2021 15:36:00 (GMT+3)   |   Istanbul
       

Both prices and business activity levels have remained unchanged in the Turkish plate market over the past week. Stocks are still high, while end-user demand is insufficient, and so traders are unwilling to make new purchases. In addition, hot rolled coil (HRC) prices have decreased considerably, causing buyers to expect lower plate prices in the short term too.

"The market outlook remains negative and export demand has also declined for hot rolled products in Turkey. Buyers buy only for their urgent needs and they are exerting strong pressure on prices since HRC offers have decreased. Many traders are giving discounts of up to $20/mt at the moment because stocks are also high in the spot market. We believe we will have to struggle in the same market conditions during the summer this year and we are hoping to see better market conditions in September," a trader told SteelOrbis.

Prices from the local Turkish producer Erdemir have been heard in the market at $1,130-1,150/mt ex-works for S235JR quality and at $1,180-1,230/mt ex-works for S355JR quality plates for September-October production, unchanged over the past week.

In the import segment, Bulgaria’s Stomana Industry S.A is still in the market for September shipment, with limited tonnages. Its prices are at $1,320/mt CFR for S235JR and $1,350/mt for S355JR quality plates, stable since last week. Romania is in the market with $1,295/mt CFR for August production for S235JR quality, also unchanged over the past week. Metinvest is expected to offer soon but is still not in the market. The company's latest prices were at $1,160-1,170/mt CFR, as SteelOrbis has heard.

In the shipbuilding plate segment, Macedonia-based Makstil is offering at €1,030/mt CFR for S235JR quality and at €1,060/mt CFR for S355JR quality, for September deliveries, unchanged since last week, as SteelOrbis has learned.

Prices have remained stable in the local Turkish spot market over the past week.

Product quality

Seller

Price ($/mt)

Ereğli

Gebze

S235JR

Regular traders

1,130-1,160

1,140-1,180

S235JR

Large traders

-

1,150-1,180

S355JR

Large traders

-

1,180-1,200

 


Similar articles

Plate prices relatively stable in Turkey, some discounts available on local prices

29 Feb | Flats and Slab

Some plate suppliers provide discounts in Turkish market

12 Oct | Flats and Slab

Domestic and import plate prices stable in Turkey amid moderate demand

21 Sep | Flats and Slab

Weaker fundamentals push down local and import plate prices in Turkey

16 Jun | Flats and Slab

Outlook negative in Turkey’s steel plate market

12 Aug | Flats and Slab

Turkish steel plate prices decline, demand sluggish

16 Jul | Flats and Slab

Import steel plate offers rise sharply in Turkey

11 Jun | Flats and Slab

Turkish plate prices rise sharply in May despite low demand

03 Jun | Flats and Slab

Import plate prices trend up in Turkey, allocation limited

29 Apr | Flats and Slab

Turkish steel plate market rises further despite subdued demand

08 Apr | Flats and Slab