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.

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