Demand remains weak for Turkish flat steel exports

This week, demand for Turkish flat steel in the export markets has remained weak. Meanwhile, foreign buyers have continued to postpone their purchases with the anticipation of a further decline in global flat steel offers in the coming days. Turkish exporters' hot rolled coil (HRC) export prices have remained stable during the past week at $340-350/mt FOB. On the other hand, Turkish cold rolled coil (CRC) export offers have also moved sideways in the same period at $445-455/mt FOB. All prices are for October production.