Over the past week, as expected, ex-CIS hot rolled coil (HRC) offers to Turkey have increased by $25/mt to $610-620/mt CFR. Domestic HRC prices in Turkey have also moved upwards in the same period, rising to $620-630/mt ex-works. As CIS-based sellers’ HRC offers to Turkey lack a price advantage, demand for ex-CIS HRC in Turkey has remained weak.
Meanwhile, ex-CIS cold rolled coil (CRC) offers to Turkey have remained stable in the same period to $630-650/mt CFR.