TURKEY FLAT STEEL: Prices fall again while demand remains weak

Some steel coil prices in Turkey decreased again in the week ended Friday March 8, with buying activity remaining subdued.

The market is unlikely to improve in March because of the uncertainty in the build-up to Turkey’s mayoral elections held on the last day of the month, sources told Fastmarkets. Market participants want to wait and see if end-user demand improves after elections are over. Additionally, buyers want to see the price direction of raw materials, which have been fluctuating recently after the rupture of a tailings dam at Vale’s Feijão iron ore mine in the city of Brumadinho,...

Published

Serife Durmus

March 08, 2019

14:50 GMT

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