Ukraine’s plate offers to Turkey soften

Demand for imported plate in Turkey has remained weak. Plate import offers from Macedonia to Turkey have softened by $10/mt on the lower end, while Ukrainian offers have decreased by $20/mt, both since early this month. It is reported that Bulgarian mill Stomana is still seeking to adjust its offer price levels considering fluctuations in exchange rates, and the producer is expected to return to market soon, issuing new offers.
 
Currently, steel plate offers to Turkey given by Ukrainian steel producer Alchevsk Iron and Steel Works are standing at $580/mt CFR for late September production, while another Ukrainian mill Ilyich Iron & Steel Works is offering end of September output plate to Turkey at the base price level of $570-575/mt CFR. In addition, Macedonian mill Makstil's offers are at $740-750/mt CFR for late September rolling.