Demand for Turkish flat steel still weak in export markets

Demand in the export markets for Turkish flat steel has remained stable at low levels this week, the first week of the New Year. Meanwhile, Turkish flat steel export offers have trended sideways, at $290-300/mt FOB for hot rolled coil (HRC) and at $390-400/mt FOB for cold rolled coil (CRC), both week on week and for January production. However, these current price ranges have failed to gain acceptance from foreign buyers and are still considered to be on the high side. Thus, this week no new export deals for Turkish flat steel have been heard.