Import flat steel prices for Turkey move up slightly

During the past week, Turkish buyers have continued to make inquiries for import products, though no bookings have been heard yet. CIS-based HRC suppliers, who had increased their prices to other regions in the previous week due to rising raw material and higher Chinese HRC prices, have now increased prices for Turkey also. According to market sources, Turkish buyers consider import flat steel prices to be more advantageous and so they are expected to conclude import bookings in the short term. 

 

Meanwhile, Russian HRC and CRC offers to Turkey have increased by $5/mt over the past week to $495-505/mt CFR and $575-585/mt CFR, respectively. Ukrainian HRC and CRC prices have also moved up by $5/mt in the same period, rising to $495/mt CFR and $570-575/mt CFR, respectively.