Copying and distributing are prohibited without permission of the publisher

HRC price spread widens in Turkey on subdued trading

February 02, 2012 - 13:43 GMT Location: Dubai

KEYWORDS: Turkey , hot rolled coil , HRC , domestic , prices , MMK Metalurji , Erdemir

Domestic prices for hot rolled coil (HRC) in Turkey widened this week, as heavy snowfall added to the effects of cooler trading activity.

Prices for the flat product were at $650-$680 per tonne exw this week, from $650-$660 the previous week. Trading activity was sparse as a result of heavy snow in the country disrupting logistics operations, traders said. Even...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Carbon Steel Flat Products

May 24, 2012 00:46 US steel imports log year-over-year climb
May 23, 2012 21:36 Brazil’s flats distributors buy 11% less steel in April
May 23, 2012 21:27 Usiminas’ Cubatão blast furnace at full rate after fire
May 23, 2012 19:32 ArcelorMittal Tubarão to idle No.3 furnace
May 23, 2012 17:43 European HDG price tracks decline in coil prices

Freight & Logistics news

May 24, 2012 02:23 US West Coast slab arrivals on rise in first quarter
May 24, 2012 02:18 Rail strike halts freight shipments in Canada
May 24, 2012 00:32 LIM gets early start sending year’s first shipment to China
May 22, 2012 18:45 Guinea approves Bellzone iron ore production at Forecariah
May 22, 2012 18:38 Pig iron producer Viena denies Greenpeace claims about slave labour, deforestation

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.