Turkish prices for flat steel products kept decreasing during August because of the holiday season and a global downtrend in prices, sources told Fastmarkets on Thursday September 2.
Iron ore prices in particular decreased significantly in August, leading to price falls for steel end products. Fastmarkets' daily calculation of the index for iron ore 62% Fe fines, cfr Qingdao was $142.02 per tonne on September 2, falling from $184.42 per tonne on August 2.Uncertainty on whether China will impose export duty on hot-rolled coil continues.Turkish hot-rolled coil producers are currently accepting orders for November production.Buyers wanted to wait and see the direction of global steel prices before commenting on their expectation for prices in September.Crude steel outputIn the first seven months of the year, the country's crude steel...