12,727.06 TRY BIST 100 BIST 100
51.25 EUR EUR EUR
44.36 USD USD USD
6.46 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.62 TRY Interest Interest
107.44 USD Fossil Oil Fossil Oil
5.54 USD Copper Copper
99.94 USD Silver Silver
107.64 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,387.89 TRY Gold (gr) Gold (gr)
108.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

What is the current situation in the Russian flat steel market?

The Russian flat steel market is going through a difficult period lately, with activity dropping sharply in most areas. Demand is still low, and the usual seasonal rise has barely happened. A lot of businesses in the real economy are having trouble with late payments, and layoffs are starting to spread, even to big steel companies. Market participants think that things could get worse.

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Comments

1 comments
raw materials continue to rise in price. Turkish metallurgical companies were the last to accept the inevitable price hike, having finally begun purchasing scrap metal for April at prices exceeding previous transaction levels by more than $15 per ton. However, in some Asian countries, the rise was even more significant. The main contributor to this increase is sea freight, which is becoming increasingly expensive.

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