Türkiye and Persian Gulf countries raise prices for metal rolling

Turkish metallurgical enterprises began to offer a hot -rolled sheet in a roll at a price of 630 - 640 dollars/ton, and the price supply for thick -faced steel exceeded $ 650/ton.

In the countries of the Persian Gulf, hot -rolled steel in rolls rose up to $ 620/ton, prices for Japanese thick -faced steel flew to $ 670/ton. The main source for rising prices for Persian Gulf was new supplies of Chinese and Indian metal rolling at high prices. Ukrainian permits also contributed, which declared new prices for hot -rolled rolls in this region at the level of 610 - 620 dollars/ton. Cold steel steel is sold in the region at 690 - 710 dollars/ton, as well as last week. Gazinkovka, in turn, increased in price to 780 - 820 dollars/ton.

Experts of the steel market note that the current surge in prices for metal products is not a sign of stable growth in demand. Most likely, they say, the price today is at the peak and already in early February, when China begins to celebrate its New Year, it will fall a little. These expectations are also supported by analysts that evaluate the situation on the ray -ore raw materials market, where the price today is at a clearly high level.

The market of the Persian Gulf surrounded his position this week after the recent increase in prices, and the price change in weekly calculus is small. Import prices for the material have been growing since the beginning of January, but this week the demand has been a little weakened, and prices have stopped growing.

However, it is necessary to take into account the interests of metallurgical companies. aiming to compensate for the increase in prices for raw materials and those who seek to catch up the lost profits of the end of 2012. Last week, almost all market participants said about increasing prices for metal rolling: Chinese, Japanese, Indian, European, American metallurgists. Therefore, even with relatively low demand, the quotes will go up the inertia for some time. Naturally, it is not a fact that new prices will be accepted by consumers.