Turkish flat steel spot prices, after showing a slight stabilization, have started to decrease again due to the pressure from the bleak market outlook. However, this decline has mostly been driven by small and medium-sized traders, who are experiencing very slow trade and are trying to boost their sales through discounts. The gradual softening of hot rolled coil (HRC) prices week on week, along with the seasonal slowdown, has also contributed to the downward trend. Meanwhile, larger traders have maintained their offer levels unchanged. Although acknowledging that demand is slow these days, market players report that sales have not declined significantly and remain at acceptable levels, which is why suppliers have not felt the need to make major price cuts.
According to reports, workable domestic hot rolled sheet (HRS) prices have fallen by $10/mt week on week to $560-590/mt ex-warehouse. Larger traders are offering at around $590/mt ex-warehouse, while smaller and medium-sized traders are offering at $560-570/mt ex-warehouse.
Similarly, in the cold rolled sheet (CRS) market, offers have fallen by $10/mt compared to last week, bringing prices to $670-725/mt ex-warehouse. However, a few traders have started offering additional discounts for serious buyers at around $660/mt ex-warehouse.
