Demand in the Turkish flat steel market has remained on the weak side, while new price levels for November outputs have started to take shape. Accordingly, hot rolled coil (
HRC) and cold rolled coil (
CRC) export offers have not changed since last week, while export offers for
coated products have indicated a decline, as had been expected over the past three weeks.
Currently,
Turkey's
HRC export offers are still at $560-570/mt FOB and
CRC offers are at $690-700/mt FOB. In the meantime, 0.5 mm HDG coil offers have softened by $10-15/mt to $800-805/mt ex-works, while export offers for pre-painted
galvanized iron (PPGI) are now standing at $900-910/mt ex-works, indicating a decrease of $20-30/mt.
However, while the list prices of HDG and PPGI have declined since last week, firm bids from real buyers are still accepted and discounts of about $10/mt are available.