CRC prices climb up in Turkey
2016-03-09 09:21:05 [Print]
BEIJING (Asian Metal) 9 Mar 16 - Influenced by sharply increased ex-works prices from steel mills, the market price of CRC went up by USD50-60/t in past two weeks. The price for CRC DC01 1.0mm*1,250mm*C is USD490-500/t VAT excluded. Even though it is hard for customers to accept new prices, traders are unwilling to cut prices at present. Insiders predict that it is likely for the price to stay firm in the near future.
A trader in Kayseri told Asian Metal that the quotation for CRC DC01 1.0mm*1,250mm*C from local steel mills is USD500/t VAT excluded, increasing by around USD60/t compared with that of two weeks ago. Holding an inventory of 1,000 tons in hand, the source revealed that steel mills lifted prices by USD50-70/t for March production seeing the price rise in international market especially in China.
According to the source, the current market sales performance is almost the same as that before the price increased. “Customers who hold no stocks have to buy materials at the current price, but those who hold stocks prefer to wait for a clearer market,” he said, adding that he sold about 300 tons last week. The source stated that some producers are planning to increase prices further by around USD30/t seeing prices in China continued to rebound sharply in past two days. In his opinion, the market price in Turkey will stand high in the near future.
A trader in Istanbul said that the price of CRC DC01 1.0mm*1,250mm*C from local steel mills is USD490/t VAT excluded, up by around USD50/t compared with that of two weeks ago. The source revealed that the company sold 6,000 tons in February, which was almost the same as the average monthly sales volume in 2015. According to the source, the demand from end users failed to show obvious signs of becoming strong in past two weeks, even though prices continued to rise firmly.
Holding an inventory of 2,000 tons in hand, the source thought that the market price can hardly fall back this week and he refused to offer any discounts to customers at the moment. “Every trader is encouraged by the good news that steel mills increased prices,” he said, predicting that the market will calm down a little bit next week.
A trader in Kayseri told Asian Metal that the quotation for CRC DC01 1.0mm*1,250mm*C from local steel mills is USD500/t VAT excluded, increasing by around USD60/t compared with that of two weeks ago. Holding an inventory of 1,000 tons in hand, the source revealed that steel mills lifted prices by USD50-70/t for March production seeing the price rise in international market especially in China.
According to the source, the current market sales performance is almost the same as that before the price increased. “Customers who hold no stocks have to buy materials at the current price, but those who hold stocks prefer to wait for a clearer market,” he said, adding that he sold about 300 tons last week. The source stated that some producers are planning to increase prices further by around USD30/t seeing prices in China continued to rebound sharply in past two days. In his opinion, the market price in Turkey will stand high in the near future.
A trader in Istanbul said that the price of CRC DC01 1.0mm*1,250mm*C from local steel mills is USD490/t VAT excluded, up by around USD50/t compared with that of two weeks ago. The source revealed that the company sold 6,000 tons in February, which was almost the same as the average monthly sales volume in 2015. According to the source, the demand from end users failed to show obvious signs of becoming strong in past two weeks, even though prices continued to rise firmly.
Holding an inventory of 2,000 tons in hand, the source thought that the market price can hardly fall back this week and he refused to offer any discounts to customers at the moment. “Every trader is encouraged by the good news that steel mills increased prices,” he said, predicting that the market will calm down a little bit next week.
