TURKEY FLAT STEEL: Prices fall, further declines expected

Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) continued to fall last week on low demand and further price falls are expected, sources told Fastmarkets on Friday September 20.

Görkem Bolaca, ceo of global steel trading company Galex Steel believes HRC prices will hit $380 per tonne levels in a couple of months. Global demand is weak and all markets expect price falls, he told Fastmarkets. HRC exports Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey, was $435-440 per tonne on September 20, down from $455-465 per tonne fob on September 13. Sources said that Turkish HRC has been sold to Southern...

Published

Serife Durmus

September 20, 2019

15:48 GMT

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