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18 May

Turkey's CIS-origin HRC demand quietens despite falling prices

The Turkish steel market participants' hot- and cold-rolled coil import activity has remained very low in the past week, regardless of the further drop in CIS mills' asking prices, market sources tell Kallanish. CIS mills are still offering June-rolling material for Black Sea export. A Russian mill has reduced its HRC asking prices for the Turkish market to $565-575/tonne cfr Turkey last week, down at least $20/t on-week. Ukraine-origin HRC is at $5-10/t…
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