Import HRC prices in Turkey have kept going down as suppliers have had no other choice but to cut offers to sell some tonnages. Overall sentiments have remained bearish.
Import HRC prices ex-Russia have lost $10-15/mt over the past week, coming to $440-445/mt CFR, with some tonnages having been sold by NLMK at this price level, SteelOrbis has been informed. Buyers have been insisting on this price level since early September and have managed to get it. Some volumes of HRC from MMK have been traded at $445/mt CFR, with one third consisting of big coils.
Offers from Asia have been less competitive, at $450/mt CFR from India and slightly higher for South Korean HRC.