Spot prices for Turkish flat steel products have continued to remain stable this week, as the market shows no signs of supporting an upward trend. Ongoing weak demand and domestic economic challenges are contributing to the weak outlook, with no significant changes observed over the past week. Most spot market traders are holding their offers steady but remain open to offering discounts to serious buyers and for large tonnages. Despite some upward movement in scrap prices, market participants believe that increases in flat steel prices remain unlikely under the current conditions.
This week, hot rolled sheet prices have stayed within the range of $570-590/mt ex-warehouse, in line with last week’s levels. Larger traders continue to offer at the higher end of the range, while medium-size and smaller traders are quoting slightly lower.
In the cold rolled segment, price stability has also prevailed. Offers are maintained at $660-705/mt ex-warehouse despite limited trading activity.
However, sources indicate that some small discounts of $5-10/mt are still being granted in both the hot and cold rolled segments to serious buyers.