TURKEY COATED FLAT STEEL: Prices fall on weak scrap market, virus fears

Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased again in the week to Friday March 20, amid weak demand, sources told Fastmarkets.

Fears over further spread of the novel coronavirus (2019-nCoV) in Turkey continued, with 359 cases announced this week and 4 deaths so far because of the virus.
In addition, a sharp fall in scrap prices raised expectations of global steel prices decreasing further, Turkish sources said.

Fastmarkets’ daily index for steel...


Serife Durmus

March 20, 2020

15:34 GMT