Affected by fierce competition in overseas markets and weakness in demand, this week Turkish mills continue to cut HRC export offer by USD5-10 / ton, to USD345-355 / tonne (FOB). For the future trend of the export market, Turkish mills are still cautiously optimistic and think that overseas demand was expected to be recovery in September. The price will attract buyers return to the market as quickly as possible.

In addition, in view of Turkey's domestic political situation is not stable, the country's overall economy was weak, and in a short-term market sentiment hard to recover, the current Turkish mills HRC ex-works prices are USD360-375 / ton, about USD5 / ton discount. Imported resources also makes the domestic market remain under pressure, quotes CIS resources to the Turkish market at USD320-335 / ton (CFR, Turkey), China Resources quoted at USD310-325 / ton (CFR, Turkey).

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