Summary of Turkey hot rolled Steel coils market from November 10th to November 17th

In the past week, the price of hot rolled steel coils in Türkiye stabilized after rising, and the market sentiment improved. It is reported that the factory price of hot rolled HX300YD+ZF steel coils in Türkiye is about 640-650 US dollars/ton, up about 10 US dollars/ton compared with the previous week. Hot rolled HX300YD+ZF steel coils with EXW price of 650-670 US dollars/ton have been sold. We estimate that the ex factory price of hot rolled steel coils in Türkiye this week is 650-670 dollars/ton. The price of hot rolled steel coils in Türkiye continues to rise, which is mainly supported by the recent rise in scrap prices. In addition, the inventory level of hot rolled steel coils is low, and buyers are willing to replenish the stock. Domestic demand for hot rolled steel coils is also gradually warming up.

In terms of import and export, the export market sentiment of Türkiye's hot-rolled HX300YD+ZF steel coils has improved due to the follow-up impact of the anti-dumping investigation. Türkiye's offer for export of hot rolled steel coils is between 630-650 dollars/ton FOB, up about 10 dollars/ton compared with last week, and we haven't heard about the large volume transactions yet. We estimate that Türkiye's export price of hot rolled steel coils this week is 630-650 US dollars/ton FOB, which is higher than that of last week. The quotation of hot-rolled steel coils exported from China to Türkiye is 595-600 dollars/ton CFR, and some buyers from Türkiye want to buy them at 570-580 dollars/ton CFR, but the deal is not heard. We estimated that the price of imported hot rolled steel coils in Türkiye this week was 580-600 US dollars/ton CFR, up 10 US dollars/ton from last week.