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04 Aug
14:12

Export surge lifts Kocaer earnings, global recession concerns

Turkish sections producer Kocaer Çelik saw significant exports boost performance in the first half of 2022, Kallanish notes. The firm says concerns about a possible global recession have limited steel demand this year. Sanctions on Russia hit trade with both Russia and Ukraine, causing some supplies from these countries to shift to the Turkish market. On the other hand, persistently high freight rates have sustained Turkey’s competitive power in the Eā€¦
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