TURKEY FLAT STEEL: HRC shortage pushes up domestic CRC prices

Cold-rolled coil pushed up in Turkey's domestic market in the week to Thursday April 30, after a combination of Covid-19-related shutdowns, Ramadan and national holidays led to a shortage of hot rolled coil.

CRC prices increased this week, with some Turkish mills offering CRC at $520-530 per tonne ex-works, up from $515-520 per tonne ex-works because of the HRC shortage.
Overall demand for flat steel was weak because of last week's four-day curfew in Turkey, and the planned lockdown on  May 1-3 in 31 cities.
Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, was $390-400 per tonne on April 30, falling from $400-410 per tonne on April 24.

Turkish mills...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing