TURKEY FLAT STEEL: Domestic HRC fairly stable despite slow demand

Turkey's domestic hot-rolled coil prices were largely stable in the week to Friday August 6 despite limited trading activity, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $1,010-1,050 per tonne on Friday, widening downward by $10 from $1,020-1,050 per tonne on July 30.
Turkish HRC producers were offering material at $1,020-1,080 per tonne ex-works for late October-November production.
Achievable prices have been estimated at $1,010 per tonne ex-works.
One source also said that the mills rejected a bid at $1,000 per tonne ex-works.
Demand for the material was said limited and market participants weren't expecting it to recover in the short term.

Published

Maria Tanatar

August 06, 2021

17:26 GMT

London