Although end-user demand continues to be low, Turkish flat steel traders have chosen to keep their offers stable week on week, mainly because the hot rolled coil (HRC) and scrap markets are relatively stable. Nonetheless, according to market participants, the market is not showing any sign of recovery. Certain smaller traders, who provide prices below the average of the market compared to other traders, report no improvement in their business operations.
By the end of the current week, the workable domestic hot rolled sheet prices have remained stable week on week at $700-720/mt ex-warehouse, while, as previously stated, certain traders are attempting to entice buyers by offering lower than the market pricing at around $680-690/mt ex-warehouse.
On the other hand, in the cold rolled sheet market, most traders are offering at around $790-820/mt ex-warehouse, which is the same as in the previous week. Meanwhile, according to reports, a few small traders who are trying to boost their sales are offering at around $740-770/mt ex-warehouse.
