Given the stability witnessed this week in the hot rolled coil (HRC) segment, Turkish flats spot traders have decided to maintain the same offer prices as before the break. Although the majority of traders kept their offers stable, the dismal outlook points to a further negative trend in the coming weeks. Meanwhile, certain traders that have been adversely impacted by the ongoing lack of business have instead provided more discounts.
As a result, workable domestic hot rolled sheet (HRS) prices have remained stable week on week at $665-680/mt ex-warehouse. Bigger and medium-sized traders are offering at about $670-680/mt ex-warehouse, while smaller traders continue to keep their offers at $665/mt ex-warehouse.
Likewise, in the cold rolled sheet (CRS) market, the majority of traders have decided to keep their offers in line with last week at around $800-830/mt ex-warehouse.
However, as previously noted, some traders have begun to offer discounts in both sheet segments in order to draw more attention from buyers. According to reports, HRS offers are at $660/mt ex-warehouse, with CRS offers at around $780-790/mt ex-warehouse.
