Turkish flat steel market activity very weak on pricing uncertainty

Buying in Turkey’s flat steel market was very weak during the week ended Friday May 13 because of sharp price falls and uncertainty over the future direction of prices.

“The problem with the Turkish steel sector is stagflation. The inflation rate is increasing too sharply in Turkey, and everyone is hesitant to spend money,” one executive at a producer...

Published

Serife Durmus

May 13, 2022

16:41 GMT

Bursa