According to market sources, demand for Turkish flat steel in the export market has continued to be characterized by slackness over the past week. Turkish producers' hot rolled coil (HRC) and cold rolled coil (CRC) offers have decreased by $20/mt compared to the previous week and are now at $460-470/mt FOB ve $560-570/mt FOB, respectively, both for February production. However, these prices have not gained acceptance, with demand for Turkish flat steel almost coming to a halt in the export markets.
Following the latest revisions, Russian HRC and CRC prices to foreign markets are currently at $400-405/mt FOB and $490-500/mt FOB, while ex-Ukraine HRC and CRC offers are now at $400-405/mt FOB and $480-490/mt FOB, respectively. With Russian and Ukrainian flat steel offers at significantly lower levels, buyers in the foreign markets have almost lost interest in Turkish products.
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