Prices of imported flat steel decline further in Turkey

Demand for imported flat steel in Turkey is still slack, while the downward trend in import flat steel offers has not yet come to a halt. Turkish buyers are still postponing their bookings except for immediate needs due to the anticipation of a further decline in global flat steel offers and due to political uncertainty in the country.
 
Meanwhile, import HRC offers to Turkey from Russia have declined by $15/mt during the past week to $315-325/mt CFR, while Ukrainian HRC offers to Turkey have decreased by $10/mt in the same period to $310-320/mt CFR.
 
In the same period, cold rolled coil (CRC) offers to Turkey have declined by $10/mt, with Russian CRC offers at $390-400/mt CFR and Ukrainian CRC offers at $380-390/mt CFR.