Demand for import hot rolled coil (
HRC) in
Turkey has remained slack this week, while no new import
HRC offer has been heard in the market in the same period.
However, following the declines seen in ex-CIS
HRC prices, Turkish buyers have been expecting a further decline in import
HRC prices in the past two weeks. As a result, market sources state that the upper ends of ex-Russia and ex-Ukraine
HRC offers to
Turkey, which were respectively at $520/mt CFR and $515/mt CFR last week, are unlikely to be accepted in the market now.