TURKEY COATED FLAT STEEL: Prices fall again on weak demand

Turkish prices for hot-dipped galvanized coil (HDG) and pre-painted galvanized iron (PPGI) fell in the week ended Friday October 18, with demand remaining weak, sources have told Fastmarkets.

International politics have a significant bearing on trade in the region at the moment. US President Donald Trump has been widely criticized for his decision to withdraw US forces from an area of northern Syria where Kurdish militias were instrumental in suppressing Islamic State. The Kurds, themselves regarded by Turkey as terrorists, have now allied with Syrian forces in a strip along the Turkey-Syria border where Turkey wants to repatriate Syrian refugees.

Turkey launched its Operation Peace Spring military action on October 9 to take control of this area,...


Serife Durmus

October 18, 2019

16:37 GMT