Market sources inform SteelOrbis that ex-Turkey hot rolled coil (HRC) prices have increased in line with the prices in the Turkish domestic market since last week. Demand indicates a slight recovery but market sources say that it is too early to call it a genuine rise in demand. Meanwhile, rising raw material prices are expected to prompt a price increase in the global flat steel markets. Market sources state that some Turkish producers are already giving offers for June production, as in the Turkish domestic market.
Turkish mills' hot rolled coil (HRC) export offers are still standing at $570-580/mt FOB, while their cold rolled coil (CRC) export offers are still at $670-680/mt FOB.
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.