This week, flat steel offers from China and the CIS continue to negatively impact price levels in Turkish flat steel exporters' target markets. Chinese offers for 1.0 mm cold rolled coil (CRC) have decreased to $410/mt FOB, while Chinese offers for 0.5 mm CRC have declined to $415/mt FOB, with both these levels constituting five-year lows. Market players state that demand for Turkish flat steel in the export markets is quite weak due to the long-standing downward pressure on prices.
Turkish hot rolled coil (HRC) offers to the export markets have remained stable during the given week in the range of $400-410/mt FOB, with Turkish cold rolled coil (CRC) export offers still at $520-525/mt FOB, both for July production.
Demand for Turkish flat steel still weak in export markets
Marketplace Offers
Hot Rolled Coil
Thickness
1.5 - 25 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Cold Rolled Coil
Thickness
0.4 - 2.5 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Hot Rolled Coil
Thickness
0.8 - 5 mm
Width
1,150 - 1,850 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED