No new import flat steel offers for the Turkish market

Demand for import flat steel in Turkey has remained slack during the past week. According to market sources, in the given week an Ukrainian steel producer has concluded several for small tonnages of hot rolled coil (HRC) with different Turkish buyers at $380/mt CFR. Meanwhile, no import flat steel offers to Turkey for March production have been heard over the past week since foreign producers, particularly CIS-based mills which had already filled their order books for March, have maintained their wait-and-see stance due to the rapid uptrend of prices.
 
The most recent ex-Ukraine cold rolled coil (CRC) offers to Turkey were given in early March at $370-380/mt CFR.
 
On the other hand, Russian producers' most recent HRC and CRC offers to Turkey were made in late February, at $280-285/mt CFR and $330-350/mt CFR, respectively.
 
Meanwhile, Iranian HRC offers made to Turkey in late February were at $280-285/mt CFR and no new offers have been heard since then.