According to market sources, hot rolled coil (
HRC) prices in the local Turkish market have started the current week with an upward movement. During the past week, quotations for S235JR quality hot rolled coil (
HRC) with thickness of 2.0-12 mm have increased by $40/mt to $540-580/mt ex-works, excluding 18 percent VAT. Turkish steel producers have revised their
HRC prices due to the increases seen in ex-CIS flat steel offers to
Turkey and the rises in import scrap offers at the end of last week.