Demand for flat steel is weak in the country’s domestic market
, so import figures should not increase in the coming months.
In addition, the import prices are not competitive compared to local prices.
Metal Bulletin’s weekly price assessment for Turkish domestic hot-rolled coil (HRC)
was $625-630 per tonne ex-works on July 27, rising from $610-615 per tonne ex-works on July 20.
Metal Bulletin’s weekly price assessment for Turkish HRC imports
was unchanged at $585-590 per tonne cfr on July 27.
Turkey has a 9% import duty on HRC, so the final cost of importing HRC is more than $638-643 per tonne.
Buyers have not accepted higher offers for August-rolled products from Russian suppliers
, sources in the Commonwealth of Independent States (CIS) said.
The imported volumes included 344,748...