According to market sources, hot rolled coil (HRC) and cold rolled coil (CRC) demand in
Turkey's flat steel export markets has remained weak. Both
HRC and
CRC export offers from
Turkey have softened by $5/mt over the past week due to the downward pressure from Chinese low-priced offers on global markets. Accordingly, Turkish
HRC and
CRC export offers have moved down to $575-585/mt FOB and to $670-680/mt FOB, respectively for November output. If Chinese flat steel export prices have continued their declines, Turkish export offers will likely soften further.