TURKEY FLAT STEEL: Prices down, demand weak as buyers look for bottom

Most flat steel prices in Turkey decreased this week, with demand poor because buyers were waiting to see prices hit a market bottom, Metal Bulletin was told.

In addition, products ordered now will be delivered in December at the earliest, and buyers want to avoid holding high levels of inventory at the end of the year. Domestic prices Local hot-rolled coil (HRC) producers in Turkey have been offering the product at $570-580 per tonne ex-works for December production, with deals heard at $560 per tonne ex-works. “Mills have not closed December orders yet, but demand is very weak,” an executive with a steel service center said. “One reason is that it is the year-end delivery, [and] buyers [want to]...

Published

Serife Durmus

November 03, 2017

14:02 GMT

Bursa