As local Turkish flat steel prices have maintained a downward trend in the past week, buyers expected a further decrease in prices and so have not been in a hurry to conclude import flat steel purchases. Accordingly, demand has remained weak, as in the previous week.
Ukrainian hot rolled coil (HRC) offers to Turkey have remained unchanged at $470/mt CFR, while Russian HRC offers to the same destination have also remained stable, still at $475-490/mt CFR, both week on week. Meanwhile, Ukrainian cold rolled coil (CRC) offers to Turkey have moved down by $10/mt week on week to $510-515/mt CFR and Russian CRC offers have decreased by $10/mt over the same period to $520-530/mt CFR.