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01 Sep

Energy hikes threaten Turkey’s global longs market share

Turkish steel producers, already struggling with weak demand in both domestic and global markets, have been hit with 50% and 50.8% rises respectively in electricity and natural gas prices since 1 September. The price of natural gas used for electricity production has been raised by 49.5%. Turkish mills were ready to sell rebar at $640-645/tonne fob Turkey at the start of the week but have been forced to increase their prices after the energy hikes. Offer prices fo…
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Burcak Alpman  |  Turkey
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