Coated flat steel prices in Turkey decreased over the week ended on Friday June 28, with demand reportedly weak in both the local and export markets.
Export demand had initially improved after the United States decided on May 17 to reduce its tariffs on Turkish steel imports to 25% from 50%, but then declined again because of Turkish producers' high prices.Domestic pricesDemand in the country's local market was weak due to the approach of the seasonal summer slowdown and market expectations that prices may fall.Recent price increases in iron ore and scrap, however,...