Demand for import hot rolled coil (HRC) in Turkey has remained slack this week. With prices of domestic HRC in Turkey moving upwards again in early May, it is heard that ex-Ukraine HRC offers to Turkey increased by an average of $10/mt early this week as compared to last week to $510-515/mt CFR, but have remained stable during the remainder of the week due to the declines seen in global billet prices this week.
Meanwhile, ex-Russia HRC offers to Turkey have decreased by $10/mt on average to $500-520/mt CFR, since buyers have a adopted wait-and-see stance against the backdrop of decreasing prices of semi-finished and finished steel in China.