Turkish HRC price to increase on steel mills' tight supply
2013-08-20 17:13:13 [Print]
BEIJING (Asian Metal) 26 Jul 13 - The current price of HRC SJ275R 3.0mm*1,250mm*C in Turkey is USD630-635/t (VAT excluded), the same as that of last week. Traders show that the price is likely to increase in the short run because of the insufficient supply caused by strikes in steel mills.
An HRC trader from Istanbul reports to Asian Metal that the price of SJ275R 3.0mm*1,250mm*C is USD630/t (VAT excluded), unchanged compared with that of last week.
According to the source, the current HRC ex-works price of above materials from steel mills is USD600-610/t (VAT excluded), which is USD10/t higher than that of the previous week. “It’s mainly because of the strike in steel mills,” says the source, revealing that a price decrease is impossible in following several weeks.
Another HRC trader from Istanbul reveals that the price of SJ275R 3.0mm*1,250mm*C is about USD635/t (VAT excluded), equaling to that of last week.
The source confirms the strike in steel mills, and he also foresees an upward price trend in HRC market in the following month. Furthermore, the source discloses that the price of steel scrap imported from U.S. has increased by about USD5/t over that of the previous week, which may also stimulate the HRC price to further increase.
An HRC trader from Istanbul reports to Asian Metal that the price of SJ275R 3.0mm*1,250mm*C is USD630/t (VAT excluded), unchanged compared with that of last week.
According to the source, the current HRC ex-works price of above materials from steel mills is USD600-610/t (VAT excluded), which is USD10/t higher than that of the previous week. “It’s mainly because of the strike in steel mills,” says the source, revealing that a price decrease is impossible in following several weeks.
Another HRC trader from Istanbul reveals that the price of SJ275R 3.0mm*1,250mm*C is about USD635/t (VAT excluded), equaling to that of last week.
The source confirms the strike in steel mills, and he also foresees an upward price trend in HRC market in the following month. Furthermore, the source discloses that the price of steel scrap imported from U.S. has increased by about USD5/t over that of the previous week, which may also stimulate the HRC price to further increase.
