Turkish flats spot prices stable despite sluggish trade

Thursday, 18 April 2024 15:38:01 (GMT+3)   |   Istanbul
       

Given the stability witnessed this week in the hot rolled coil (HRC) segment, Turkish flats spot traders have decided to maintain the same offer prices as before the break. Although the majority of traders kept their offers stable, the dismal outlook points to a further negative trend in the coming weeks. Meanwhile, certain traders that have been adversely impacted by the ongoing lack of business have instead provided more discounts.

As a result, workable domestic hot rolled sheet (HRS) prices have remained stable week on week at $665-680/mt ex-warehouse. Bigger and medium-sized traders are offering at about $670-680/mt ex-warehouse, while smaller traders continue to keep their offers at $665/mt ex-warehouse.

Likewise, in the cold rolled sheet (CRS) market, the majority of traders have decided to keep their offers in line with last week at around $800-830/mt ex-warehouse.

However, as previously noted, some traders have begun to offer discounts in both sheet segments in order to draw more attention from buyers. According to reports, HRS offers are at $660/mt ex-warehouse, with CRS offers at around $780-790/mt ex-warehouse.


Similar articles

Turkish flat steel spot prices continue to slide amid poor outlook

21 Nov | Flats and Slab

Romanian flat steel spot prices remain stable, sole producer still inactive

15 Nov | Flats and Slab

Turkish flat steel spot prices soften further as mills reduce HRC prices

14 Nov | Flats and Slab

Romanian flat steel spot prices soften, sole mill to return in coming weeks

08 Nov | Flats and Slab

Turkish flat steel spot prices decline as outlook remains bleak

07 Nov | Flats and Slab

Romanian flat steel spot prices stable as demand fails to improve further

01 Nov | Flats and Slab

Turkish flat steel spot prices relatively stable despite weak trade

31 Oct | Flats and Slab

Romanian flat steel spot prices rise somewhat despite lack of trade

25 Oct | Flats and Slab

Romanian flat steel spot prices stable amid insufficient demand

18 Oct | Flats and Slab

Turkey's flat steel spot prices increase further despite slower trade

17 Oct | Flats and Slab