In the Turkish domestic hot rolled coil (
HRC) market, demand is expected to revive in the coming period as inventories have reached low levels. However, market insiders state that buyers intend to make their purchases at lower prices than local steel producers' actual offers.
Erdemir is currently offering September production
HRC to the domestic market at $750-760/mt ex-works, while
HRC offers given by
Çolakoğlu Metalürji are at $760-770/mt, for late August rolling.
On the other hand,
MMK-Atakaş began
HRC production and its domestic offer level is heard to stand at $745/mt ex-works.