This week, similar to the previous week, the Turkish flat steel spot market has continued to trade within a narrow price range, as sellers defend existing levels. Firm HRC and scrap prices are providing support, but demand remains weak and buyers are still cautious. Higher input costs alone are not sufficient to generate upward momentum, particularly as financial constraints continue to limit purchasing decisions. With Ramadan underway, trading activity has slowed further and volumes remain modest. For now, strong raw material prices are preventing downward price movement, though the overall market tone remains subdued.
Accordingly, flat steel spot prices have stayed in line with last week’s levels, with HRS heard at $590-625/mt ex-warehouse and CRS at $675-725/mt ex-warehouse.
While official quotations remain unchanged, discounts of around $5-10/mt are still being granted in both segments for serious buyers and larger-volume orders, as sellers seek to secure transactions in the current slow environment.
