21
Dec
16:09
Turkish flats market quietens, assesses Red Sea impact
The flat steel market in Turkey remained quiet, with expectations that this subdued state would persist due to the holiday lull. Market participants are cautious amid the attacks on container shipping in the Red Sea, which could delay steel deliveries from Asia, Kallanish notes.
Tension has increased after the hijacking by Somalian pirates of a vessel carrying South Korean flat steel to Turkey. This has led to major shipping companies halting or diverting their sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous