TURKEY LONG STEEL: Domestic prices fall as lira strengthens

Turkish domestic long steel prices have gone down over the past week in line with the strengthening of the country’s lira, sources said on Thursday November 12.

The value of the Turkish currency rebounded sharply at the beginning of the week on news of the resignation of Turkey’s economy minister and the replacement of the central bank’s governor.
Berat Albayrak, who is a son-in-low of national president Recep Tayyip Erdogan, shocked the country by announcing his resignation on November 8.

That decision came one day after Erdogan had...


Cem Turken

November 12, 2020

15:10 GMT