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Turkish steel export prices began to weaken

publisherJudy

time2017/06/02

pre galvanized steel pipe
Recently, Turkey's domestic market demand is strong, steel export prices remain strong, but the European and American markets and other major export markets will soon enter the demand for off-season, the Turkish local market is also in Ramadan, domestic and foreign demand is expected to decline, export prices Will also usher in a callback.

Rebar, the past two months, Turkey's domestic rebar market demand is strong, domestic profits higher than export profits, Turkish screw steel plant export is not strong. Although Turkey began to enter Ramadan last week, but this week the rebar market remains strong, contrary to market expectations. In this regard, traders said the current domestic market in Turkey bubble, is expected in early June the domestic market will cool, the market will return to normal levels, the current export quotations of some traders have softened signs.

This week, the mainstream steel export quotations in the 430-435 US dollars / ton (FOB), down 5 US dollars / ton. There are buyers suggesting that the psychological price is $ 420-430 / t (FOB), but the mills did not accept the price.

Hot coil, nearly a month, due to the performance of the major export market performance is good, Turkey hot volume export offer stronger, but the United States and Europe will enter the demand for off-season, and the domestic market before the end of Ramadan is also difficult to significantly improve, so heat Volume export prices have signs of weakness.

In the export market, the Turkish hot roll export price reported 480-490 US dollars / ton (FOB), there is a discount. In the domestic market, the ex-works price of steel mills is $ 505-515 / tonne, and some large end-users can purchase resources as low as $ 480-490 / t (ex-factory price) due to discounts.