Due to weak demand, Turkish mills cut hot rolled and cold rolled coil prices. Currently in February production hot rolled coil ex-factory price is USD295-310 / ton, before the price was USD 320-330/ton. Cold roll coil ex-factory price is USD 400-410 / ton, to USD410-420 / ton before.

HRC export prices are USD290-295 / ton (FOB), before the prices were USD290-300/ ton (FOB).

Turkish flat steel demand is very weak, the early mills had planned to raise prices, but with the deterioration of demand, they have to cut prices.

                                             XINSTEEL NEWS