Import flat steel offers to Turkey move up

The Turkish domestic flat steel market is quiet coming towards the end of the year and stocktaking activities have started, while new import offers to the country have been announced. Turkish steelmakers' capacity utilization rate has increased with the support of strong demand on the export side, while this situation has resulted in longer lead times in the domestic market. On the other hand, foreign mills have increased their prices for their January output to Turkey and new offers may indicate further increases in the coming days in line with the global upward price trend. Meanwhile, with little domestic demand received by local mills, interest in import materials is lower than expected.
 
SteelOrbis has heard from market sources that Romanian hot rolled coil (HRC) offers to Turkey have increased by $10/mt as compared to last month and are now ranging at $575-585/mt CFR, while Ukrainian offers to Turkey have moved up by $20/mt over the same period to $545-550/mt CFR and ex-Russian HRC offers are at $570-605/mt CFR, indicating an increase of $25-50/mt since last month.
 
On the other hand, import cold rolled coil (CRC) offer to Turkey are as follows: Ukrainian CRC offers have increased by $35/mt as compared to last month and are now at $630-640/mt CFR. In the meantime, Russian CRC offers for 0.51 mm and above thickness have moved up by $80-85/mt to $690/mt CFR, while Russian CRC offers for thickness of below 0.51 mm are unchanged at $720-725/mt CFR. In addition, Romanian CRC offers are standing at $670-680/mt CFR, indicating an increase of $10/mt over the same period.