TURKEY FLAT STEEL: Limited prices changes with demand still low in summer lull

Prices for hot-rolled coil (HRC) in Turkey were mostly unchanged over the past week while the summer slowdown and a reduction in end-user consumption continued, sources told Fastmarkets on Friday July 5.

Domestic prices
Fastmarkets’ weekly price assessment for steel HRC domestic, exw Turkey, widened upward to $500-520 per tonne ex-works on Friday, compared with $500-510 per tonne ex-works a week earlier.
Turkish mills have been offering such material at $510-525 per tonne ex-works, while deals were heard at $500-520 per tonne ex-works.
“Prices may increase because of rising raw material prices. However, demand is still not strong,” a trader said.

Turkish steel prices had been increasing since...


Serife Durmus

July 05, 2019

16:20 GMT