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23 May

Turkish HRC suffers from weak demand

The Turkish market continues to suffer from weak demand amid the country’s high interest rate significantly affecting business activity, market participants inform Kallanish. Hot rolled coil from domestic mills was available for end-June/early-July delivery. Steel consumption by domestic downstream industries, including automotive and machinery, is reported to be relatively stable on-year. Due to the high cost of money in the country, buyers are being force…
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