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Turkish flat steel market still slow on currency worries
January 24, 2014 - 14:31 GMT
The flat steel market in Turkey was slow this week as buyers held back from buying while the future of the country’s currency, the Turkish lira (TRY), remained uncertain.
The lira began to lose value against other hard currencies
in mid-December, when a corruption investigation started in
Turkey against important businessmen and government
officials. It lost value against the dollar and euro very
quickly, with TRY1 now equivalent to $0.4391 or...
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Euromoney Institutional Investor PLC.
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