20
Dec
16:10
Turkish HRC continues struggle amid ongoing lira descent
Turkish hot rolled coil prices remain on a downward curve, as the national currency continues to soften against the dollar, paralysing the market and feeding the ongoing indecision.
The lira reached a new historical low of TRY 17.98/$1 on Monday, a decline of 31% on-week, and there appears to be no reason for it not to continue softening, market sources tell Kallanish.
This, in addition to the declines in all major flat ste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous