Following the deals concluded during the previous two weeks, trading activity in Turkey for import flat steel has been quiet over the past week. Turkish buyers’ demand for import flat steel is still slack, as they have preferred to postpone their bookings amid the ongoing economic and political uncertainties in Turkey and since they want to see the trend of flat steel prices after the Chinese New Year holiday.
Meanwhile, ex-CIS flat steel offers to Turkey have remained stable week on week. Ukrainian and Russian HRC offers to Turkey are still at $500/mt CFR and $510-520/mt CFR, while Ukrainian and Russian CRC offers to the same destination are at $570-580/mt CFR and $570-590/mt CFR, respectively.