Import
plate offers have indicated a slight decrease as compared to last week in the Turkish domestic market, while demand has remained moderate. During Ramadan the Turkish flat steel import market is expected to remain stagnant, though after Ramadan the market will likely display a better performance.
Meanwhile, steel
plate offers to
Turkey given by Ukrainian steel producer Alchevsk Iron and Steel Works are still standing at $610-615/mt CFR for September shipments, while Bulgarian producer Stomana's August output steel
plate offers to
Turkey have decreased by €10/mt ($12/mt) as compared to last week and are now at the base price level of €520-530/mt ($640-652/mt) CFR. In addition, Macedonian mill Makstil's offers are currently at $790/mt CFR for August rolling, indicating a decline of $20/mt since last week.
In the meantime, an Italian steel producer's offers for August production RTT (rolled to thickness)
plate to
Turkey have declined by €25/mt ($31/mt) since last week to €500/mt ($615/mt) CFR base level, while a Russian producer's hot rolled
plate (HRP) offers from its mill 2800 to
Turkey still stand at the level of $660-665/mt CFR, and the producer's HRP offers from its mill 5000 to
Turkey are at $690-700/mt CFR. The ex-Russia
plate offers are for August production.
€1 = $1.23