TURKEY FLAT STEEL: Prices generally stable but buying still weak

Steel coil prices in Turkey have mostly been stable in the week ended Friday February 22, with buying activity remaining weak.

Prices are likely to fall soon if demand does not improve, sources told Fastmarkets. Buyers placed orders early in February because they had low stock levels, but end-user demand in the country was not strong, so at the moment buyers prefer to wait and see whether prices will fall further because of the declining cost of scrap raw materials. The daily index for Northern Europe-origin HMS 1&2 (80:20) scrap material was calculated...

Published

Serife Durmus

February 22, 2019

14:36 GMT

Bursa