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28 Sep

Fresh electricity hike hits Turkish long steel exporters

Turkish long steel producers, which have been struggling in export markets due to uncompetitive prices, have been hit with another increase of 20% in electricity prices from October. This, coupled with global demand contraction and firm scrap prices, is likely to put more pressure on their export business, Kallanish notes. Most Turkish mills have kept their prices at $575-585/tonne fob Turkey actual weight throughout the week, although lower prices at $560-56…
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Burcak Alpman  |  Turkey
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