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Hot rolled coil prices in Turkiye fail to break the point of resistance

Hot rolled coil prices in Turkiye have been on the increase in the past few weeks. In the last week of December, prices maintained their level while discount rates were heard as 5%.

Hot rolled coil prices in Turkiye fail to break the point of resistance

Ex-works prices of Turkish hot rolled coil producers remain flat on 26 December 2023. The week of 11 December slowed down the pace of increase felt in the week of 11 December, while 5% discounts were seen in prices.

On December 5, ex-works prices for February and March deliveries were around $690-720, while prices hovered around $700-730 with discounts in the week of December 11.

On 27 December 2023, hot rolled coil producers' ex-works prices continued at $700-730.

Spot HRC (hot rolled coil) prices by regions as assessed by STEELRADAR on 27 December 2023;

AEGEAN REGION $730-740

MARMARA REGION 725-730$

ISKENDERUN REGION $720 (Available up to $710 in the market.)

BLACK SEA REGION 725-730$

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