Import flat steel prices decrease further in Turkey

Friday, 28 August 2015 17:33:15 (GMT+3)   |   Istanbul
       

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.
 


Similar articles

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

Stocks of main finished steel products in China up 4.0 percent in early March

14 Mar | Steel News

Stocks of main finished steel products in China up 12.8% in late Feb

04 Mar | Steel News

Japan’s steel exports up 5.3 percent in January

01 Mar | Steel News

Stocks of main finished steel products in China up 26.8% in mid-Feb

27 Feb | Steel News

Stocks of main finished steel products in China up 10.4% in early Feb

20 Feb | Steel News

Stocks of main finished steel products in China up 5.2% in late Jan

06 Feb | Steel News

Japan’s steel exports up 1.2 percent in 2023

31 Jan | Steel News

Stocks of main finished steel products in China up 5.4% in mid-Jan

25 Jan | Steel News

Stocks of main finished steel products in China up 1.4% in late Dec

04 Jan | Steel News