“I believe prices have reached bottom. We may see slight rises or falls in the next few months, but no sharp falls are expected,” a source said.
Fastmarkets’ weekly price assessment for Turkish domestic hot-rolled coil (HRC) was $520-525 per tonne ex-works on November 30, unchanged week-on-week.
Mills were offering HRC at $525-540 per tonne ex-works for late-December and early-January production, but deals were made at $520-525 per tonne ex-works.
But Fastmarkets’ weekly price assessment for Turkish domestic cold-rolled coil (CRC) went...