Over the past week, CIS-based suppliers have not made any offers to the Turkish market as they have already completed sufficient sales, while demand for import flat steel market in Turkey has remained weak against the backdrop of the end-of-Ramadan holiday. However, CIS-based HRC producers are expected to increase their prices in the short term due to the increases seen in Chinese HRC prices as of the third week of June and also due to the rising trends of iron ore and scrap prices
During the past week, Ukrainian hot rolled coil (HRC) offers to Turkey have remained unchanged at $455-460/mt CFR, while Russian HRC offers to the same destination are still at $465-475/mt CFR. Meanwhile, Ukrainian and Russian cold rolled coil (CRC) offers to Turkey have remained stable at $510-515/mt CFR and $520-530/mt CFR respectively, week on week.