Demand for Turkey's flat steel exports has become weaker, with demand for coated products indicating increased sluggishness this week.
The price softening in target markets has affected ex-Turkey flat steel offers, and so offers for hot rolled coil (HRC) have decreased by $5-10/mt. However, prices of other products have remained stable. Meanwhile, real buyers can get some discounts on list prices for coated products.
Currently, Turkey's HRC export offers are at $550-565/mt FOB and cold rolled coil (CRC) offers are at $690-700/mt FOB. In the meantime, 0.5 mm HDG coil offers are standing at $800-805/mt ex-works, while export offers for pre-painted galvanized iron (PPGI) are at $900-910/mt ex-works.