The Turkish long steel export market remained sluggish over the past week due to limited demand from the country’s major export outlets, market sources said on Thursday July 8.
Turkish deep-sea scrap import prices fell at the end of the week after a fresh cargo from the Baltic Sea came to light, market participants told Fastmarkets on Friday July 2.
Turkish steel mills ended the working week with a single deep-sea cargo amid limited rebar demand, especially in the export markets, sources told Fastmarkets on Friday June 25.
Turkish steel producers started the week with no new bookings on Monday June 21 amid limited finished steel demand, especially in the export markets, sources told Fastmarkets.
Turkish steel billet prices in local and export markets have increased this week on improving demand, while imported billet prices narrowed downward, market participants said on Thursday June 17.
The key Vietnamese import market for SAE1006 hot-rolled coil was muted this week amid a resurgence of Covid-19 infections in the country and uncertainties over whether China would impose an export tax on the flat steel product on June 1.
Turkish steel producers continued to book deep-sea scrap for July shipments at higher prices on Monday May 24 even as market sentiment turned negative, sources told Fastmarkets.
Turkey’s flat steel import volumes decreased by 11.98% year on year in January 2021, according to the latest statistics from the Turkish Statistical Institute (TUIK).
CIS export billet prices rose on Tuesday, February 23rd, as several shipments were sold to Turkey.
Flat steel prices in the Turkish domestic and export markets remained unchanged in the first week of 2021 after the holiday.