The Turkish flat steel spot market has shown little movement this week, marking the third consecutive week of price stability. Market participants report that trade remains limited, as both buyers and sellers maintain a cautious approach amid sluggish demand and ongoing economic pressures. Despite stable pricing, the market has not displayed any meaningful signs of recovery, with HRC mills and traders noting that weak purchasing appetites and tight liquidity continue to define current conditions. Although some positive signals have emerged from the scrap market and Chinese futures over the past week, these factors have had a limited impact, as the overall outlook remains unsupportive and weighs on market sentiment.
In the above context, hot rolled sheet (HRS) prices in Turkey have once again shown no change this week, remaining in the range of $570-590/mt ex-warehouse, the same as last week. Big traders remain positioned at the higher end of available prices, whereas smaller suppliers are offering closer to the lower thresholds, reflecting the cautious tone in demand.
Similar stability has been observed in the cold rolled sheet (CRS) segment. Most traders report unchanged offers from the previous week, within the range of $650-700/mt ex-warehouse. However, discounted levels persist in the market, with several traders offering $645/mt ex-warehouse for larger tonnages to attract buyers.
