05
Jan
17:01
Turkish HRC continues to slip in uncertain market
Turkish hot rolled coil prices continued to slip in the past week amid absent trade and lower-priced import offers from India. The increase in local energy tariffs from 1 January has also weighed on Turkish steel industry, squeezing producers' ability to adjust offers down, as costs have risen, Kallanish notes.
The lira has recovered from its lows of around TRY 18/$1 on December 20, to around TRY 13/$1 on 5 January. President Erdogan's recovery plan a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous