Uncertainty in the market causes volatility in Turkish flat steel prices

Some flat steel prices rose while others fell in the Turkish flat steel market because of a mixed price direction in global markets, sources told Fastmarkets on Friday, January 14.

Prices from Asia, mainly China and India have been decreasing recently.
On the other hand, prices in Europe are increasing.
Most market participants in Turkey believe that markets will stabilize by mid-February, after the Chinese New Year holidays.
Turkish hot-rolled coil producers were accepting orders to be produced in late March and early April during the week.
Domestic prices
Fastmarkets’ weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $815-830 per tonne on January 14, falling from $830-850 per tonne on January 7.

Turkish HRC producers were offering HRC at $830-840 per tonne...

Published

Serife Durmus

January 14, 2022

17:44 GMT

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