Domestic producers are accepting orders for July production. And with the Turkish lira continuing to lose value against other currencies during the week, imports are becoming increasingly expensive.
The lira was trading at TRY100 to $21.32 on May 25, down from TRY100 to $25.10 on April 4, according to Oanda.com.
Additionally, Turkey is holding general and presidential elections on June 24, and this is creating more uncertainty in the market, sources said.
Hot-rolled coil (HRC) producers in Turkey were offering the...