Flat steel prices increased further on strong demand during the week to Friday March 26, even as scrap prices decreased, sources told Fastmarkets.
Hot-rolled coil producers in Turkey were accepting orders to be produced in late July, and cold-rolled coil was offered for July and August.
Several import deals were heard during the week from Russia.
There were no new offers from China, which has been an
active exporter of flat steel to Turkey until recently, because of the uncertainty surrounding the export rebate.
The deals and offers heard over the past seven days were a minimum of $10 per tonne higher than last week, with demand remaining strong despite falling scrap prices.
Fastmarkets'...