Market activity was slow during the week to Friday January 8 because it was the first week of 2021 and some countries were not yet back from their Christmas holidays.
Local producers were offering hot-rolled coil for April production while buyers were opting to wait for global markets to fully return to business before committing to material with a three-month lead time, sources said.
Cold-rolled coil producers in Turkey are heard to be offering the product for late February production at the earliest, sources said.
Fastmarkets’ weekly price assessment for steel hot-rolled coil, domestic, exw Turkey
was $810-820 per tonne on January 8, rising from $800-810 per tonne on December 31.
Turkish HRC producers...