Domestic prices for hot-rolled coil (HRC) in Turkey have been under pressure from slow trading, sources told Fastmarkets on Friday June 14.
Buyers have been insisting on lower domestic prices, according to market sources. In addition, HRC buyers have been reported to have sufficient volumes of material in stock.Fastmarkets' weekly price assessment for Turkish domestic HRC was $520-530 per tonne ex-works on Friday, compared with $530-535 per tonne ex-works a week earlier.Turkish mills have been offering the material at $520-540 per tonne ex-works, beyond the upper end of the range,...