The Turkish flat steel spot market has remained largely inactive over the past week, with prices showing minimal movement amid weak demand and limited purchasing interest. Market participants note that overall business activity continues to progress slowly, as both mills and traders maintain current offer levels in response to sluggish sales and ongoing economic challenges. Although prices have remained stable and scrap prices have shown moderate increases over the past week, overall sentiment in the flat steel spot market remains cautious. Persistent demand weakness and financial constraints continue to weigh on confidence, leaving the short-term outlook uncertain and generally pessimistic.
Market participants report that hot rolled sheet (HRS) prices in Turkey have shown no change this week, remaining within the range of $570-590/mt ex-warehouse. Major traders have continued to maintain offers at the upper end of this range, while medium-sized and smaller suppliers have kept their quotations unchanged toward the lower end in an effort to stimulate limited purchasing activity.
Likewise, cold rolled sheet (CRS) prices have remained stable in the range of $650-700/mt ex-warehouse. Nonetheless, several traders are said to be offering marginally lower prices at around $645-650/mt ex-warehouse, primarily for buyers securing larger tonnages.
