Flat steel import prices for Turkey move sideways

This week, demand for flat steel imports in Turkey has indicated a further slight slackening compared to the levels recorded last week, nearly grinding to a halt as Turkish buyers seek to exert downward pressure on import flat steel offers. Following CIS-based suppliers' announcement this week of unchanged flat steel offers to Turkey for February production, no new import deal has been heard in Turkey.
 
Ukrainian and Russian hot rolled coil (HRC) offers to Turkey have remained unchanged during the past week and are currently at $265-275/mt CFR and $270-280/mt CFR, respectively, for February production.
 
On the other hand, Ukrainian and Russian cold rolled coil (CRC) offers to Turkey have also moved sideways at $330-340/mt CFR and $340-360/mt CFR, respectively, also for February production.