Turkish flats spot prices stable though outlook still depressing

Thursday, 02 May 2024 16:43:56 (GMT+3)   |   Istanbul
       

Although the strongest negative factors in the Turkish flats spot market are still Turkey's financial difficulties and sluggish trade, traders have continued to keep prices stable week on week, especially as hot rolled coil (HRC) mills are seeking to keep their prices unchanged with the support of some movements in the scrap market.

“Though demand is still very low, we have opted to maintain the current levels in the spot market as HRC pricing remains unchanged from producers,” a large trader told SteelOrbis.

As a result, workable domestic hot rolled sheet prices are stable week on week at around $660-680/mt ex-warehouse. While the majority of traders seek to limit price decreases, others continue to encourage trade by offering lower levels at $650-655/mt ex-warehouse. Meanwhile, prices in the cold rolled sheet market have remained unchanged from the previous week at $780-820/mt ex-warehouse.


Similar articles

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

Romanian flats producer not offering, local traders raise offers slightly

11 Oct | Flats and Slab

Turkey’s flat spot prices continue to rise amid higher HRC prices

09 Oct | Flats and Slab

Romania's flat steel spot prices decline amid delicate outlook

04 Oct | Flats and Slab

Flat steel spot prices in Turkey rise in line with local mills’ HRC prices

02 Oct | Flats and Slab

Local Turkish flat steel spot prices stable as discounts fail to attract buyers' attention

25 Sep | Flats and Slab