Sluggish demand for import flat steel in Turkey

During the past week, import flat steel prices in Turkey have moved sideways, while demand for import flat steel has remained at low levels. Following the declines recorded in iron ore quotations, Turkish buyers' expectations for a fall in global flat steel prices have gained strength. In the meantime, buyers have postponed their purchases of flat steel imports, continuing instead to stand back and monitor the global markets.
 
Over the past week, Ukrainian hot rolled coil (HRC) offers to Turkey have remained at $460/mt CFR, while Russian HRC offers to the same destination have stood at $465-475/mt CFR. Also, Ukrainian cold rolled coil (CRC) offers to Turkey are currently at $500-505/mt CFR, while Russian CRC offers to the same destination are at $510-520/mt CFR.