Coated flat steel prices in Turkey were stable over the week ended Friday May 31, with demand improving in the export markets.
Export demand was strong after the United States decided on May 17 to reduce its tariff on Turkish steel imports to 25% from the previous 50%.Coated coil producers did not accept any new orders between May 17 and May 22 because they wanted to see how much the price of hot-rolled coil (HRC) would increase, so that they could calculate production costs.Fastmarkets'...