Turkish flat steel spot prices have remained largely stable this week, supported by the firm trends of HRC and scrap prices, which continue to underpin the overall cost structure. However, this stability has not been matched by the demand side, where activity remains subdued and purchasing is mostly limited to small volumes. Market participants note that current price levels are being maintained primarily due to cost pressures rather than genuine demand strength. At the same time, the slow pace of trading has started to weigh on the spot market, prompting some traders to show more flexibility in negotiations. Lower price indications have begun to emerge, particularly for serious buyers, raising questions about whether a gradual softening trend could develop if demand does not improve.
In the spot market, hot rolled sheet (HRS) prices are generally reported at $650-665/mt ex-warehouse. However, lower levels of $630-640/mt ex-warehouse are also being heard in the market, particularly in negotiations for serious buyers and larger tonnages.
Meanwhile, cold rolled sheet (CRS) prices are indicated at $725-755/mt ex-warehouse, largely remaining stable week on week.
