TURKEY FLAT STEEL: Prices increase slightly, demand moderate

Some flat steel prices in Turkey increased this week as most producers filled their order books for January and started to accept orders for February production at higher prices, market participants told Metal Bulletin.

However, end-user demand remained weak due to the Turkish lira losing value, and buyers preferred to book small quantities to avoid losses, sources said. Domestic prices Hot rolled coil (HRC) producers in Turkey have been offering material at $560-580 per tonne ex-works for February 2018 production. Deals were made at $550-560 per tonne ex-works for January 2018 production. "The market is improving slightly, but it is not very strong," one market participant said. "Demand in Turkey is weak. Buyers are buying small quantities. Prices are not falling because...

Published

Serife Durmus

December 01, 2017

15:43 GMT

Bursa