TURKEY FLAT STEEL: Steady buying appetite supports further price gains

December 25, 2020 / www.metalbulletin.com / Article Link

Market participants reported healthy demand for flat steel in the Turkish market in the week to Thursday December 24 with buyers securing material ahead of expected further price increases.

Hot-rolled coil producers in Turkey are offering product for April production and cold-rolled coil is being offered for late February production at the earliest.
Production costs also kept increasing this week, fueling concerns of further price increases for most steel products.
Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was $464.17 per tonne on December 24, rising from $442.44 per tonne on December 18.

But many countries will be on Christmas and New Year holidays this week and next...

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