TURKEY FLAT STEEL: HRC prices fall further, CRC prices steady on low stocks

Turkish hot-rolled coil prices continued to fall in the week to Friday February 5, while cold-rolled coil prices were stable because of low stock levels in the country, sources told Fastmarkets.

Demand for CRC was strong, so producers did not give any discounts during the week.
Buyers were hesitant about booking HRC, however, because prices have been falling, so only very few deals were done.
In addition, buyers said they wanted to see the direction of prices after the Chinese New Year holiday (February 11-17).
One of the main reasons for the falling HRC price was the decline in scrap values because of a lack of demand.

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin,...

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