In the Turkish domestic flat steel market, demand has remained quiet again this week. While both producers and traders are facing difficulties in increasing their price levels, the lower end of market prices is dropping down further every week. Some market players predict that steel producers may seek to raise their prices before the end of the year. However, according to the general consensus, any price hike is unlikely to find acceptance.
In the Turkish domestic flat steel market, producers' hot rolled coil (HRC) offers stand at $620-670/mt, while their cold rolled coil (CRC) offers are at $750-770/mt, both ex-works.
In the meantime, traders' flat steel prices have also shown a slight softening as compared to last week. In the spot market, HRC offers have been at $660-680/mt, while offers for CRC of 1-2 mm stand at $770-800/mt, both ex-warehouse.