Weak demand creates uncertain outlook in Türkiye's flat steel market

Negative expectations regarding the demand outlook in the global hot-rolled coil (HRC) market continue to put pressure on prices. However, elevated production costs remain the key factor limiting further price declines across many regions. In Türkiye's flat steel market, prices have so far resisted the ongoing erosion in demand, largely due to the country's high production costs, which necessitate maintaining firm price levels. As a result, price declines have remained relatively limited despite weak market demand.