In June ,
Turkey's flat steel imports, especially of hot rolled coil (
HRC), were in decent volumes due to advantageous import price offers. In the next two weeks, steel producers from the
CIS and
Europe are expected to announce their flat steel offers to
Turkey for August rolling. Since flat steel purchases in
Turkey continue within the frame of buyers' needs, it is thought that, if new price offers stay at reasonable levels, imports will then be a viable option for Turkish buyers, especially for
HRC. In the meantime, foreign flat steel suppliers to
Turkey have been unable to attract enough demand for their hot dip
galvanized (HDG) coil offers, contrary to the situation as regards their
HRC and cold rolled coil (
CRC) offers.
Currently, Ukrainian steel producers'
HRC offers to
Turkey are standing at the price range of $540-560/mt CFR, while Russian
HRC offers to
Turkey are at $595/mt CFR and Romanian offers are at $615-625/mt CFR. In the meantime, Russian
CRC export offers are standing at $660-695/mt FOB, while Romanian
CRC offers to
Turkey are at $725-735/mt CFR.
As SteelOrbis previously reported, given that
HRC prices in the Turkish domestic market are at $615-635/mt and
CRC prices are at $730-750/mt, both ex-works, some market players think that import flat steel offers to
Turkey may remain at the current advantageous levels, while some other market players state that import offers may increase next month, believing that prices have already hit bottom levels.