Trading activity for import flat steel in Turkey on quiet side

After the deals concluded last week, trading activity for import flat steel in Turkey has been quiet in the current week. With demand at low levels, market sources state that Chinese hot rolled coil (HRC) prices have continued their downward movement, still putting pressure on ex-CIS HRC quotations.
 
HRC offers to Turkey from Ukraine and Russia have remained stable over the past week at $495/mt CFR and $500-510/mt CFR, respectively. Meanwhile, cold rolled coil (CRC) offers from the CIS region to Turkey have declined by $5/mt week on week, with CRC offers from Ukraine and Russia now at $565-570/mt CFR and $570-580/mt CFR, respectively.