Turkey / Flat Products
The Turkish market for plates stays weak after winter holidays. Local trading companies purchase the material in small
lots unwilling to overstock amid low consumption. However, while foreign suppliers, who still sell January material, are
keeping prices at the levels of the past fortnight, domestic ones have lifted their quotations citing more successful sales.
In particular, Erdemir has raised quotations for March output of plates by $10-20/t in two weeks, to $710-720/t FOT/FOB.
All prices exclude 18% VAT. Following the company, Colakoglu Metalurji has increased prices to $670-680/t EXW
($20/t up over the period under review) including cut-to-length extras of some $20/t. Besides, in such conditions the
producer reduced plate capacity utilization by Q4 2011.
In the segment for imports, only January production from Europe is offered. Prices for plates from Stomana Industries
S.A have been stable in the euro terms (EUR 540/t C&F) for two weeks, while quotations in the dollar terms have
dropped by $5/t to $702/t C&F due to weaker euro. The material from Makstil A.D. is still available to Turkish buyers
at $800-810/t C&F. At the same time, February plates from Ilyich and Alchevsk SW are expected to be offered at
$635-640/t C&F after holidays in the CIS, which almost corresponds to the figures two weeks ago and is by $20/t
lower than quotations for Erdemir’s material even taking into account 9% import duty. However, DMZ is most likely to
continue selling its January production mainly to Ukrainian consumers. So, Turkish customers are focused on import
material due to quite acceptable prices and shorter delivery period.
In the Turkish stocksts’ market, prices for plates have not changed over the period under review. They are expected
to grow by at least $10/t to $730-740/t ex-warehouse at the beginning of next week.
Turkey: prices for plate or HR products of S235JR grade (EUR/t)
(excl. 18% VAT; 9% import duty for CIS material is effective, EUR 1 = $1.3)
Supplier/origin Thickness, mm Month of production Prices 2-week change
Domestic market, FOB/FOT/EXW
Erdemir 10-30 March 710-720 +10-20
Colakoglu* 8-20 February 670-680 +20
Stockists’ market, ex-warehouse
Turkey 8-30 - 720-730 0
Import, C&F
Stomana Industry S.A. 8-40 January 702 (540) -5 (0)
Makstil A.D. 8-40 January 800-810 0