Over the past week, demand for import flat steel in Turkey has remained slack and buyers have continued to postpone their bookings as they want to avoid entering the New Year with high inventories and so they have preferred to stand back and monitor the market.
In the same period, Ukrainian and Russian hot rolled coil (HRC) offers to Turkey have declined by $5/mt to $535-540/mt CFR and to $535-545/mt CFR, both week on week. Meanwhile, Ukrainian and Russian cold rolled coil (CRC) offers to Turkey have remained stable week on week at $580-590/mt CFR and at $580-600/mt CFR, respectively.