Turkish buyers have reported some relatively fresh hot rolled coil (HRC) sales on the import side, which reflect a stable price trend in the market. Russia’s MMK has closed deals for around 20,000 mt of big coils for September production at $495/mt CFR. Earlier last week, the producer was offering $500/mt CFR, and so the discount provided is slight.
In the import segment, the number of HRC offers has been scarce in Turkey. Metinvest has been aiming to sell small coils at over $500/mt CFR, for October production. Offers from Egypt were at a minimum of $525/mt CFR base, as reported earlier.
Local prices for HRC in Turkey have been at $510-520/mt ex-works and above in offers.
