Attack in Syria brings steel trade in local Turkish market to a halt

Trading in Turkey's domestic steel market has stopped following an airstrike in Idlib in northwestern Syria, that resulted in the deaths of at least 33 Turkish soldiers, market sources told Fastmarkets on Friday February 28.

Following the attack, which Turkish officials blamed on the forces of Bashar al-Assad’s regime, Turkey's president, Recep Tayyip Erdodan, said Syria’s al-Assad regime was now the enemy of Turkey and that Turkey will take retaliatory action.
The Turkish lira then sharply lost ground against US dollar on Friday February 28.

The Turkish lira was trading 100 lira to $16.18 at the time of publication, compared with 100 lira...


Cem Turken

February 28, 2020

13:49 GMT