Turkish flat steel export prices move sideways

Demand in the export markets for Turkish flat steel has remained stable at low levels this week. Turkish flat steel export sales have been very quiet during the past two weeks as buyers consider Turkish flat steel offers to be on the high side and are postponing their purchases. Over the past week, Turkish flat steel offers have trended sideways at $290-300/mt FOB for hot rolled coil (HRC) and at $390-400/mt FOB for cold rolled coil (CRC), for January production.
 
According to an announcement published in Thailand's Official Gazette on January 18, Thailand's Department of Foreign Trade has launched antidumping (AD) duty and countervailing (CVD) duty investigations on hot rolled flat steel imports from Brazil, Iran and Turkey. The alleged dumping margin is 11.54 percent for Turkey. In 2015 Turkey's annual flat steel exports to Thailand amounted to 65,000 mt, equivalent to a very small share in Thailand's annual flat steel imports which totaled 4 million mt in the same year.