The price of hot-rolled coil products in Turkey adjusted over the week to Friday May 31, with local demand moderate before next week's Eid al Fitr celebrations, sources told Fastmarkets.
Local demand for flat steel in Turkey failed to improve over the week to May 31, even though prices increased last week after the United States' duty reduction. The US halved its import tariffs on Turkish steel from 50% to 25% on May 17.International market participants warned Turkish producers to avoid sudden price increases last week and the market seems to...