TURKEY FLAT STEEL: Prices rise as buyers fear further increases

Turkish flat steel producers increased their prices during the week ended Friday November 15 because of rising raw material costs, but demand was better in the market because of the belief that prices may increase even further.

Raw material prices, especially those for scrap, have gone up recently.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $260.03 per tonne on November 14, rising from $254.80 per tonne on November 1.
HRC exports

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $430-435...


Serife Durmus

November 15, 2019

16:27 GMT