TURKEY FLAT STEEL: HRC prices fall, price direction uncertain

Hot-rolled coil prices decreased in Turkey during the week ended Friday October 8, while buyers were uncertain about the direction of prices, sources told Fastmarkets.

Buyers were uncertain because China returned back to business after its National Day holidays with higher prices.
Furthermore, sources expect higher energy costs to increase the cost of steel production and to push up prices, although steel prices have been falling recently.
Some flat steel re-rollers stopped offering material because they expect prices to decrease next week, sources told Fastmarkets.
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