Despite the unfavorable negative mood in the local market over the last few weeks, Turkish flat steel spot traders have kept their offers unchanged since last week.
“Spot prices continue to remain stable, particularly because HRC producers are making an effort to maintain the same levels, but sales remain extremely limited,” a trader told SteelOrbis.
Some traders, however, who are attempting to attract the attention of buyers, still provide lower levels than what is in the market. With the cheaper prices in the market, several traders who are attempting to keep offers firm have commented that, given the low demand and the lack of significant change in market conditions, prices may soften next week.
As a result, workable domestic hot rolled sheet prices have remained stable at around $730-750/mt ex-warehouse. Nevertheless, certain traders have provided prices at $710-720/mt ex-warehouse, in an attempt to increase their business activities and attract attention.
Likewise, in the cold rolled sheet market, the majority of traders have kept offers stable week on week at around $840-880/mt ex-warehouse. The offer price range of larger traders is around $870-880/mt ex-warehouse, while medium-sized and smaller traders are offering at approximately $840-860/mt ex-warehouse.
