10 February 2011
Turkish domestic hot rolled coil prices remain stable, but buyers are apprehensive about the direction of the market, sources told MB.
Bookings of hot rolled coil from were made at $820-850 per tonne exw, the same level as bookings made last week.
“The range has stayed the same. There hasn’t been much change in the past week,” a market participant told MB.
“There is insecurity in the market. Buyers are scared,” a trader told MB, adding that buyers are apprehensive because they don’t know what will happen to the prices next.
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