Considering the ongoing slow demand in the local market and the mid-week holiday in Turkey, spot trading activity remained largely subdued, with prices showing no significant movement. Most buyers avoided fresh purchases, while mills kept their offers unchanged. Financial difficulties among local buyers also continued to weigh on the market, further limiting liquidity and appetite for new deals. However, some traders have continued to offer small discounts to serious buyers in an effort to attract attention, though overall buying activity remains minimal.
As a result, this week’s hot rolled sheet (HRS) prices have remained stable within the range of $570-590/mt ex-warehouse. Larger traders have maintained offers at the upper end of the range, while medium-sized and smaller traders positioned their offers toward the lower end. Although stability persisted in the market, some traders have been willing to grant discounts of around $5-10/mt for larger tonnages to encourage sales and keep trading momentum alive.
On the other hand, similar stability has been observed in the cold rolled sheet (CRS) segment, where offers remained unchanged within the range of $640-700/mt ex-warehouse.
