Rebar,Stainless steel sheet,Hot rolled coil,Cold rolled shee.
|Steel prices go up and down in Turkey and UAE|
As the the Lesser Bairam holiday ended last week, Turkish hot rolled coil and coated steel sheet plants are seeking higher ex-work prices, even though Chinese suppliers reduce their prices recently. Currently, some mills hiked coated steel sheet ex-work price by US$30/mt; 0.5 mm hot dipped steel sheet factory price is increased by US$630-650/mt; 1mm hot-dip galvanized steel sheet price is US$570-590/mt; hot rolled coil price gained US$20/mt to US$440-460/mt.
UAE long steel product imports market is still weak, as buyers haven’t backed from the Id Al-adjha holiday. Currently, the import price of deformed steel bar last week was US$365-370/mt CFR; Turkish steel bar was US$365-380 CFR; square billet import price slipped from US$338-365/mt to US$330-340/mt CFR. In August, Korean stainless hot rolled coil imports reached 52,973 tons, gained 13.3% yoy, up 13.3% from last month, hit the highest point during the late two years.
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