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Hot Rolled Coil Price in Turkey in March 2023

According to market reports, the hot-rolled coil prices in Turkey declined by $20/ton in the last week, as buyers continue to remain cautious and observe the market closely. As a result, some local steel mills in Turkey have started to adjust their quotes downward.

For instance, the domestic selling price of hot-rolled coil from Izmir Steel Mill is currently around $850/ton EXW, with a further discount of $20/ton for large quantity orders. Meanwhile, other local steel mills are quoting around $870/ton, which is still higher than the current market transaction price of $840/ton.

Deformed Bar Price

Deformed Bar Price

HR Steel Price

HR Steel Price

Note: The price trend in the picture is from Shanghai Port ( the red one) and other cities in China.

In related news, MMK Metalurji, a Turkish steel manufacturer, is set to restart production of hot-rolled coil from April 1, with an annual production capacity of 2.3 million tons. The company has already started collecting orders for April and May. In addition to its existing inventory, MMK Metalurji is actively procuring scrap steel to meet production requirements.

Below is a table showing China steel FOB prices. And the price information is from the website Mysteel.

Items Port Price (Mar 24th) Price Trend
Hot rolled steel (SS400) Tianjin Port  655USD -15
Cold rolled steel (SPCC) Tianjin Port 720USD -12
Hot dip galvanized steel (DX51D) Tianjin Port 780USD -10
Medium or thick plate Tianjin Port 662USD -13
Rebar Zhangjiagang Port 646USD +2
High-speed Wire rod Shanghai Port 650USD +2
H-shape Channel Qingdao Port 619USD +2

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