Summer demand slump downs Turkey’s coated steel prices
Turkey’s coated flat steel market experienced reduced activity on Monday, with prices slightly down due to sluggish demand both domestically and in export markets amid the ongoing holiday season, market participants inform Kallanish.
Availability of September-shipment coated steel from domestic mills exerted some pressure on prices. However, this situation was anticipated and therefore the impact on prices was limited.
On exports, some producers expected increased demand for Turkey-origin coated steel from Ukraine, whose buyers will use this to substitute for China-origin supply after Ukraine imposed a definitive anti-dumping duty on Chinese product effective 12 August.
Turkish domestic prices
| Product | Price, ex-works, cash | W-o-w change, $/t |
| CRC 1 mm | $760-800/t | -20/+10 |
| HDG 0.50mm Z60 | $830-855/t | 0/-15 |
| HDG 0.50mm Z100 | $830-875/t | 0/-15 |
| PPGI 0.50mm Ral 9002 5+15 | $925-980/t | 0/-10 |
| HDG 2.00mm Z60 | $760-800/t | -10-15 |
Source: Kallanish market survey
Elina Virchenko UAE
