This week, the Turkish sheet market continued to pressure, the referendum results failed to eliminate the uncertainty of the domestic market. Weak domestic and export markets and the global decline in finished steel prices continue to plague the Turkish thin plate market, there are expected downward prices of sheet prices.
In recent weeks, due to weak demand, Turkey’s hot galvanized sheet domestic sheet prices and export sheet prices are down $ 20 / ton. 0.5mm hot galvanized sheet ex-factory price of 730-750 US dollars/ton, 1mm hot galvanized sheet factory delivery price of 660-670 US dollars/ton, about 10 US dollars/ton discount. In the export market, Turkey’s hot galvanized sheet continued to suffer from low-cost resources from India and Vietnam, where the market share was eroded and the spread was around $ 60 / t, and exporters were under pressure.
Turkey’s hot-rolled export market is also affected by the decline in exports of the CIS and China, Turkey’s hot coil offer for the 530-540 US dollars/ton (factory delivery price), hot coil export quotes also fell below 520 US dollars / ton。(2017-04-20)