Hot-rolled and cold-rolled coil prices in Turkey moved down over the past week due to the summer slowdown and reduced end-user consumption, sources told Fastmarkets on Friday June 28.
Domestic pricesFastmarkets' weekly price assessment for Turkish domestic HRC was $500-510 per tonne ex-works on Friday, compared with $500-520 per tonne ex-works a week earlier.Turkish mills have been offering the material at $510-520 per tonne ex-works, while buyers were bidding $500 per tonne ex-works. "Prices are unlikely to fall further because raw materials prices are falling. However, demand is expected to remain weak...