During the past week, demand for imported flat steel in Turkey has remained slack. Turkish buyers have been postponing their bookings due to political and economic uncertainty in the country. Despite the decrease in import flat steel prices during the past weeks, buyers continue to exert pressure both on local producers’ prices and on import offers. Another reason for buyers’ reluctance to purchase is their concern about a possible further decline in prices in the coming period.
Meanwhile, import HRC offers to Turkey from Russia have decreased by $10/mt during the past week to $345-355/mt CFR, while import offers from Ukraine have declined by $15/mt week on week to $325-335/mt CFR.
In the same period, cold rolled coil (CRC) offers to Turkey have declined by $10/mt, with Russian CRC offers now at $410-420/mt CFR and Ukrainian CRC offers at $400-410/mt CFR.
Meanwhile, Turkey’s Ministry of Economy has announced its preliminary decision in the antidumping (AD) duty investigation regarding hot rolled flat steel imports from several countries. Accordingly, the dumping margins in question stand at zero percent for Romania, zero percent-3.76 percent for Russia, zero percent-0.22 percent for Ukraine, 6.95 percent-8.9 percent for Japan, 15.47 percent-35.15 percent for China, 0.42 percent for France and 7.02 percent-9.8 percent for Slovakia.