According to market sources, hot rolled coil (
HRC) and cold rolled coil (
CRC) demand in
Turkey's flat steel export markets has remained weak. Both
HRC and
CRC export offers from
Turkey have softened by $5/mt over the past week due to the downward pressure from Chinese low-priced offers on global markets. Accordingly, Turkish
HRC and
CRC export offers have moved down to $575-585/mt FOB and to $670-680/mt FOB, respectively for November output. If Chinese flat steel export prices have continued their declines, Turkish export offers will likely soften further.