Last week, the Turkish domestic flat steel market witnessed significant activity.
Turkish producers' hot rolled coil (
HRC) domestic prices have climbed from $690/mt ex-works to $720/mt ex-works.
In the meantime, on the import side, the Turkish market has received offers from
ArcelorMittal Romania. The producer's allocation for the Turkish market is limited and its
HRC offers are standing at $700/mt CFR, while its cold rolled coil (
CRC) offers are at $800/mt CFR.
It is heard that Ukrainian steel producer
Ilyich Iron and Steel Works of Mariupol (
Ilyich) concluded some
HRC transactions to
Turkey at $625/mt CFR in recent weeks.
On the other hand, towards the end of last week Russian steel producer
Severstal updated its offers to
Turkey for its last available tonnages for May shipments, with its prices now standing at $675-685/mt CFR for
HRC, and at $775/mt CFR for
CRC. Early this month, the producer's offers for
HRC and
CRC to the Turkish market were standing at $700-715/mt CFR and $785/mt CFR respectively.