Market sources state that demand in the Turkish flat steel export market has been weaker compared to three weeks ago, while Turkish hot rolled coil (
HRC) export prices have declined by $10/mt over the past two weeks to $500-510/mt FOB. Market sources report that Turkish
HRC offers to the export markets are higher than Russian
HRC export offers which are in the range of $460-465/mt CFR.
On the other hand, cold rolled coil (
CRC) prices from
Turkey to the export markets have declined by $10/mt over the past two weeks to the range of $600-610/mt FOB. Demand for Turkish
CRC in the export markets has nearly dried up and it is hard to find offers in the market, market sources said.