Intense competition results in softer Turkish HRC export prices

Friday, 31 May 2013 16:00:13 (GMT+3)   |   Istanbul
Ex-Turkey hot rolled coil (HRC) prices have continued to soften amid intense competition in the foreign markets and poor demand. In particular, the soft trend in Chinese flat steel export offers in the key export markets of Turkey has been reflected in CIS export offers as well. Thus, Turkish mills, who do not want to lose their market share, have had to cut their HRC export prices further in order to remain competitive.

Turkish HRC export offers have declined by $10-20/mt since last week to $550-570/mt FOB, while ex-Turkey cold rolled coil (CRC) offers still stand in the range of $670-680/mt FOB, remaining unchanged.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   

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