This week, demand for flat steel imports in
Turkey has remained at low levels, while Turkish buyers have continued to exert downward pressure on import flat steel offers. On January 22, the Turkish Ministry of Economy announced that the dumping margins for Russian hot rolled coil (
HRC) imports have been revised upwards from 2.22 percent to 9.42-13.66 percent, effective immediately. With this increase in dumping margins, Russian
HRC imports are foreseen to decline in
Turkey in the coming period.
Ukrainian and Russian hot rolled coil (
HRC) offers to
Turkey have decreased by $5/mt during the past week and are currently at $260-270/mt CFR and $265-275/mt CFR, respectively, for February production.
On the other hand, Ukrainian and Russian cold rolled coil (
CRC) offers to
Turkey have also declined by $5/mt to $325-335/mt CFR and $335-355/mt CFR, respectively, also for February production.