It's learned that 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. 

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 import duty.

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 strikes. 

The wire rod market continues to be tough. Buyers have refrained from purchasing material, in anticipation of additional discounts.