Because of the slack demand for hot rolled coils (HRC) in Turkey, the ex-mill and transaction prices of HRC further fell to US$610~US$620/ton and US$595~US$605/ton locally.
It is estimated that the price would probably go down further to US$580~US$590/ton and the Turkish exported offer for HRC had already dropped to US$585~US$595/ton FOB. In addition, the Turkish offer for CRC, HDG and PPGI fell to US$730~US$740/ton, US$820~US$840/ton and US$930~US$950/ton respectively. As for the import, Ukrainian and Russian offer for HRC dropped to US$545~US$555/ton CFR and US$560~US$570/ton CFR last week, down by US$10~US$15/ton on the previous week.