Demand still weak in Turkish flat steel export market

This week, demand for Turkish flat steel in the export markets is still low. Market sources state that buyers in the Turkish exporters' target markets are purchasing only in line with their needs due to expectations of a further decline in prices since Chinese flat steel prices continued to move downwards. Currently, Turkish hot rolled coil (HRC) offers to the export markets are at $380-390/mt FOB, while Turkish cold rolled coil (CRC) export offers are still at $510-515/mt FOB, both for September production.