The Turkish flat steel spot market has seen little change over the past week, with prices largely stable amid subdued trading conditions. Some small discounts have been heard for larger tonnages, but overall spot levels remain broadly unchanged. Recent upward moves in domestic HRC prices, supported by firm scrap price trends, have not been reflected in the spot market, as weak demand and ongoing financial constraints continue to limit buyers’ purchasing power. Still, this firmer pricing environment has helped prevent further downward pressure for now. With Ramadan now underway and activity slowing further, it remains uncertain how long this stability can be maintained, although no immediate decline is currently expected.
“Prices are stable this week as the market is quiet in both demand and activity. Mills are trying to raise prices, but weak demand limits the response. Still, this is helping to prevent further declines for now,” a trader said SteelOrbis.
Over the past week, hot rolled sheet (HRS) prices in the spot market have continued to move within the $590-625/mt ex-warehouse range, indicating no meaningful shift in overall levels. The cold rolled sheet (CRS) segment has mirrored this stability, with offers still circulating at $675-725/mt ex-warehouse.
However, in both segments, market sources report that some traders are willing to offer reductions of around $5-10/mt for serious buyers.
