17
Jun
16:52
Indian supply continues to pressure Turkish HRC prices
The Turkish domestic flat products market has continued to weaken this week, as the influx of low-priced Indian-origin offers continued. The offers have now moved below $1,000/tonne cfr Turkey for August delivery, underselling all other suppliers, and pushing Turkish producers to indicate lower quotes.
Indian July-loading hot rolled coil was offered at $980/t cfr earlier this week, but at the time of going to press, there was no deal, as buyers are also getting an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous