Last week, as the imported scrap prices are relatively steady and demand rebounded slightly, the situation price fell sharply in Turkey's hot rolled coil market eased, hot rolled coil quoted steady at USD 440-460 / ton. Overall, though some steel mills to extend the payment period to stimulate the market demand, but demand has not picked up significantly, continuing exchange rate fluctuations, market uncertainty remains.

In addition, due to fierce competition in overseas markets this week, Turkey's hot rolled decline of USD20 / ton, to USD 400-420 / ton (FOB). Although prices make Turkey resources recapture some of the overseas market share, but is still larger downward pressure on prices. Currently, Ukraine Resources stable at USD390-400 / ton, the Russian resources stable at USD400-410 / ton.

                                                                                                              XINSTEEL NEWS