TURKEY FLAT STEEL: Most prices steady over eid holiday but HRC export price falls

Turkish export prices for hot-rolled coil (HRC) decreased over the week ended Friday August 16 while the prices for other flat-steel products were stable because of the Eid al-Adha religious holiday, sources told Fastmarkets.

Turkey was on eid holiday on August 12-14, and the market remained steady over the other working days of the week. Some market participants believed that prices could fall in the next few weeks, however, because of softening iron ore prices. Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao, was $89.57 per tonne cfr on August 16,...

Published

Serife Durmus

August 16, 2019

15:05 GMT

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