TURKEY COATED FLAT STEEL: Prices fall on limited demand

Coated flat steel prices in Turkey fell over the week ended on Friday May 10, with demand weak in the domestic market.

Demand in the local market remained poor because of the continuing weakness in the Turkish lira and uncertainty following elections. The lira was trading at TRY100 to $16.27 on May 10 compared with TRY100 to $17.47 on April 12 and TRY100 to $18.76 on March 1, according to exchange rate website Oanda. Mayoral elections were held across Turkey on March 31 but, after the outcome was disputed, the election in...

Published

Serife Durmus

May 10, 2019

17:40 GMT

Bursa