The current stagnancy in the global market is likely to continue in 2024, Ugur Dalbeler, vice president of the Turkish Steel Exporters’ Association, told Bloomberg HT Turkey.
Turkish steel exports have declined this year by 35% in tonnage and 40% in value, Dalbeler said, adding he expects exports to close 2023 at $14-15 billion, down from $23 billion last year.
“The most important factors in this decline are the negative impact of interest rate hikes…
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