[SMM Steel] 7.27 SMM Global Steel Daily Report

Published: Jul 27, 2026 18:10

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[Turkey] Dragged by weak export activity, domestic HRC sales pressure in Turkey intensified this week, with mainstream mills' offers dipping further to 585-590 USD/tonne EXW. EU quota limits kept Turkish HRC export trading subdued, and, facing fierce competition from low-priced Chinese and Russian material overseas, Turkish HRC export offers fell to 580 USD/tonne FOB. On imports, low-priced Vietnamese material diverted last week amid EU quota adjustments flooded into Turkey, sharply squeezing the trading space for Chinese resources.

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