Turkey's flat steel spot traders have chosen to keep their offers stable compared to last week, despite some softening observed in the hot rolled coil (HRC) market during the week. According to market participants, although the difference between HRC prices and flat steel spot market prices is fairly small and price cuts or discounts do not pique buyers' interest, stable prices are the best option in the current bearish situation.
According to reports, workable domestic hot rolled sheet prices are unchanged at around $610-620/mt ex-warehouse. Medium-sized and smaller traders are offering at around $610-615/mt ex-warehouse, while larger traders offer at around $620/mt ex-warehouse.
Meanwhile, Turkey's official HRC prices in the domestic market stand at $580-585/mt ex-works.
A similar tendency can be observed in the cold rolled sheet (CRS) market. The majority of traders are quoting at $750-780/mt ex-warehouse, the same range as last week.
