Turkish flat steel exporters reduce their prices

Tuesday, 16 June 2015 15:01:46 (GMT+3)   |   Istanbul
This week, Turkish flat steel exporters have decreased their prices by $10/mt week on week, as they are seeking to attract increased business in the export markets due to the weak demand in their domestic market. Thus, Turkish hot rolled coil (HRC) offers to the export markets have started to range at $390-400/mt FOB, with Turkish cold rolled coil (CRC) export offers at $510-515/mt FOB, both for August production. However, demand for Turkish flat steel is at low levels in the export markets, as buyers consider Turkish exporters' offers to be on the high side due to aggressive flat steel offer prices from China and the CIS.

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