TURKEY FLAT STEEL: Most prices fall, demand starts to improve

Some flat steel prices in Turkey fell in the week to Friday, September 3, with demand starting to improve on buyer restocking activity, sources told Fastmarkets.

But while some market participants said they now expect prices to fall further because of the global price downturn, others said prices were likely to remain stable because of the improvement in demand.
Prices in the Commonwealth of Independent States, the biggest flat steel exporter to Turkey, have been falling recently.
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $880-900 per tonne on August 31, compared with $890-895 per tonne a week earlier.
Domestic prices

Fastmarkets' weekly price assessment for steel hot-rolled...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue