TURKEY LONG STEEL: Domestic prices increase amid strengthening lira

Turkish domestic long steel prices inched up over the past week on higher raw material costs and strong demand despite an appreciation of the lira, sources said on Thursday November 19.

The value of the Turkish currency rebounded sharply last week on news of the resignation of Turkey’s economy minister and the replacement of the central bank’s governor.

Then on Thursday, the Turkish central bank increased the country’s weekly...

Published

Serife Durmus

November 19, 2020

16:59 GMT

Bursa