[SMM Steel] Weak Exports Weigh on Domestic Market; Turkish HRC Prices Drop to 580 USD/tonne FOB

Published: Jul 27, 2026 16:25

Save

[Turkey] Dragged by sluggish export activity, sales pressure in the Turkish domestic hot-rolled coil (HRC) market intensified this week, forcing mainstream mills to further lower their ex-works offers to 585–590 USD/tonne EXW. Stifled by EU quota constraints that keep export trading subdued, and compounded by fierce low-priced competition from China and Russia in overseas markets, Turkish export quotes were dragged down to 580 USD/tonne FOB. On the import front, cheap Vietnamese resources—diverted from the EU following quota adjustments last week—flooded into Turkey, significantly squeezing the market space for Chinese material.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

23 mins ago

MMi Daily Iron Ore Report (July 27)

Today, iron ore price fluctuations on the Dalian Commodity Exchange (DCE) were relatively narrow. The DCE benchmark contract I2609 closed at 741 yuan/ton, down 0.27%. Spot prices at Qingdao Port remained essentially flat compared with the previous trading day.

23 mins ago

30 mins ago

[SMM Steel] 7.27 SMM Global Steel Daily Report

[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.

30 mins ago

40 mins ago

Agreement Between Stegra & Wupperman for Sustainable Steel

Wuppermann, the Dutch subsidiary company, will galvanize the steel produced by Stegra, a Swedish Green Steel Producer. These two are working together to set and create new standards across the sustainable steel of value chain and make the adoption of low-carbon steel products easier.

40 mins ago