TURKEY FLAT STEEL: HRC shortage pushes up domestic CRC prices

Cold-rolled coil pushed up in Turkey's domestic market in the week to Thursday April 30, after a combination of Covid-19-related shutdowns, Ramadan and national holidays led to a shortage of hot rolled coil.

CRC prices increased this week, with some Turkish mills offering CRC at $520-530 per tonne ex-works, up from $515-520 per tonne ex-works because of the HRC shortage.
Overall demand for flat steel was weak because of last week's four-day curfew in Turkey, and the planned lockdown on  May 1-3 in 31 cities.
Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, was $390-400 per tonne on April 30, falling from $400-410 per tonne on April 24.

Turkish mills...

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