TURKEY FLAT STEEL: Prices increase on strong export, domestic demand

June 06, 2020 / www.metalbulletin.com / Article Link

Domestic, export and import hot- and cold-rolled coil prices continued to increase in Turkey in the week to Friday June 5 because of strong demand within the country and in its export markets.

Turkish HRC producers concluded several deals to Asia during the week and are now accepting orders for late August production.
HRC exports
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $395-420 per tonne on June 5, widening upward from $395-410 per tonne on May 29.
Exports to Asia also picked up during the week.

Some 45,000 tonnes of Turkish HRC was sold to China at $430 per tonne cfr, which is equivalent to around $400-405 per tonne fob.
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