The Turkish flat steel price has increased slightly, due to the fact that its economy is on the road to recovery.
Now Turkish domestic flat products are short of supply and the mills postponed delivery until September. Besides, it is difficult for the coil center to meet the requirements of the customers.
People believed that the balance of the requirement and supply is the key determination to keep the price stable. Now as requirements are more than supply, the price keeps an increasing tendency.
Some mills cut production largely due to the financial crisis, they need more time to meet the increasing of the requirement.
(Sourced from YIEH.com)