Flat steel prices increased further in Turkey during the week to Friday May 7, with mills almost fully booked until the end of September, sources told Fastmarkets.
Some mills have received requests for October production, but are unable to announce prices because they are yet to book their raw materials for October, Fastmarkets heard.
The
latest scrap bookings by Turkey were made for June shipping and will be delivered in July or August.
The mills have held back from announcing prices for October production in light of the rapidly increasing prices for raw materials and end products.
Demand for flat steel was strong during the past week, with several deals heard.
China was on holiday from May 1 to May 6, but returned to the market with
price increases.
Fastmarkets' steel hot-rolled coil index export, fob main...