Prices in the Turkish flat steel spot market has remained largely unchanged for several consecutive weeks, as repeated attempts to test higher price levels have failed to gain traction amid persistently weak demand. Market sources report that buyers have continued to act cautiously, limiting purchases mainly to immediate needs and preventing any meaningful price movement. Despite a firmer outlook in the scrap segment, this has not translated into higher flat steel prices, as demand-side fundamentals remain insufficient to support an increase. As a result, HRC prices have stayed broadly stable, with market participants noting that, in the absence of stronger buying interest, the current levels are likely to persist in the near term.
In this environment, hot rolled sheet (HRS) prices have remained confined to the $580-600/mt ex-warehouse range, while the cold rolled sheet (CRS) market has also shown stability, with offer levels consistently reported at $660-710/mt ex-warehouse.
On the trading side, discounts have been reported amid weak demand, mainly offered by small and mid-sized traders aiming to stimulate sales. According to market feedback, price concessions of around $10/mt have been available, particularly for serious buyers and larger-volume transactions. By contrast, larger traders have continued to test higher price levels, although sources note that actual sales volumes remain minimal, underscoring the ongoing lack of strong buying interest in the spot market.
