Following last week’s slight increases in hot rolled coil (HRC) offers, mainly influenced by imported Chinese HRC prices, Turkish flat steel traders have marginally raised hot rolled sheet (HRS) offers at the lower end of the price range, while cold rolled sheet (CRS) offers have remained stable. Despite these adjustments, the market remains subdued, as weak domestic demand continues to limit significant price movements. Consequently, although official quotations show minor increases, actual sales price levels remain under pressure, with discounts still reported, particularly among small and medium-sized traders.
“There have been slight increases, but no significant change in prices. For serious buyers, the previous levels are still available. Unfortunately, the market remains very quiet, and the recent price increases are not supported by demand,” a trader told SteelOrbis.
As a result, domestic hot rolled sheet prices have risen slightly to $570-590/mt ex-warehouse, compared with the previous range of $560-595/mt. Larger traders are currently quoting prices at around $590/mt ex-warehouse, while small and medium-sized traders are offering at slightly lower levels of $570-580/mt ex-warehouse. Despite these adjustments, weak demand has led to reports of discounted prices, with some offers at $560-565/mt ex-warehouse.
Cold rolled sheet prices, on the other hand, have remained stable, at $660-705/mt ex-warehouse over the past week. Similar to the HRS segment, smaller and medium-sized traders have been compelled to offer discounts, with levels in certain cases slipping to $650-655/mt ex-warehouse.