TURKISH STEEL MARKET ROUNDUP FROM
MEPS INTERNATIONAL LTD
In Turkey, hot rolled coil
selling figures have decreased, according to MEPS. Steel producers have
continued to lobby for retrospective protection measures against imported hot
rolled coil products.
Hot rolled plate buying activity has slowed down. Bearish stockists are keen to
avoid carrying high inventory levels into Ramadan.
Turkey’s TUIK has reported that imports of cold rolled flat products totalled
65,108 tonnes in April – up 10.0 percent, month-on-month. The majority of this
material was sourced from Russia and Ukraine, and is subject to a 10 percent
Business sentiment remains subdued in the coated coil market, deflated by
Ramadan and the recent election outcome. Moreover, shipments to domestic
automotive suppliers and producers have yet to recover from May’s labour
The wire rod market continues to be tough. Buyers have refrained from purchasing
material, in anticipation of additional discounts.
Domestic demand has deteriorated in the structural sections market. The outlook
is similar for rebar. Purchasing activity is weighed down by the result of the
country’s parliamentary election (held on July 7) and the prospect of subdued
demand during Ramadan.
Source: MEPS -
Steel Review - June Edition
Free Sample copy
of Developing Markets' Steel Review