Amid persistently weak domestic demand and ongoing financial challenges, Turkish flat steel spot traders have largely opted to keep prices stable over the past week. Although scrap prices have shown an upward trend and some firmer signals have been seen from hot rolled coil (HRC) producers, these developments have not had a strong impact on spot market prices, as buying interest remains limited. Market sources indicate that spot traders have mainly focused on maintaining sales rather than increasing prices, since buyers are still cautious and purchasing only when needed. While the recent rise in scrap prices has made sellers less willing to offer discounts, overall market conditions have not supported any price increases so far.
As a result, hot rolled sheet (HRS) prices in the spot market have remained unchanged at $580-600/mt ex-warehouse. Similarly, the cold rolled sheet (CRS) segment has stayed stable, with offers continuing at $660-710/mt ex-warehouse.
In terms of negotiations, larger spot traders have mostly held firm on their prices, while small and mid-sized traders have still been open to limited discussions, especially for large-volume orders. However, compared with previous weeks, discounts have become harder to obtain, with discounts still reported at around $5-10/mt, but less frequently than before.
