New import offer prices for the Turkish flat steel market, which have gained clarity in the past two weeks, have been found to be on the high side by local buyers. Demand has remained weak in the Turkish flat steel market, while new import offers at higher than expected levels have caused buyers to adopt a wait-and-see stance.
Ex-
Romania hot rolled coil (
HRC) offers to
Turkey are now ranging at $630-640/mt CFR, indicating an increase of $10-20/mt as compared to last month, while Ukrainian offers to
Turkey have moved up by $5-15/mt to $590-595/mt CFR. Meanwhile, ex-Russian
HRC offers have been revised upward by $10-20/mt over the same period to $620-640/mt CFR and newly offered Slovakian
HRC prices to
Turkey are ranging at $620-630/mt CFR.
On the other hand, Ukrainian cold rolled coil (
CRC) offers to
Turkey are now at levels of $670-655/mt CFR, moving up by $10/mt since last month, while Russian
CRC offers have increased by $20/mt and are now in the range of $700-730/mt CFR. In addition, Romanian
CRC offers are at $720-730/mt CFR, increasing by $20-25/mt over the past month.