TURKEY FLAT STEEL WRAP: All prices fall in April, but buying remains active

Demand for flat steel products in Turkey was moderate in April despite the Covid-19 pandemic due to low stocks in the country, sources told Fastmarkets on Wednesday May 6.

Turkish flat steel producers are fully booked until late June.
Several carmakers stopped production in the country in March and April, but most have now resumed, or are planning to resume output in April and May.
Steel output was also limited during the month due to several companies reducing capacity utilization or taking maintenance breaks.
Scrap prices increased in April. Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $246.54 per tonne on April 30, compared with $208.57 per tonne on April 1.
Crude steel output
Turkey produced 9 million tonnes of crude steel in January-March 2020, an increase of 9.6% from the corresponding period a year earlier, according to the Turkish Steel Producers’ Association (TCUD).
Domestic prices
HRC, CRC

Turkish hot-rolled and cold-rolled flat steel prices decreased in April because of the pandemic and the global decline...

Published

Serife Durmus

May 06, 2020

13:32 GMT

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