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21 Aug

PPGI overstocking challenges Turkish coated steel market

Demand in Turkey’s coated flat steel sector continued to be seasonally weak in the last seven days, to 21 August, market participants inform Kallanish. Most producers were offering September- and October-shipment coated flats. The majority of buyers remained inactive due to the holiday season and were also awaiting the Turkish Central Bank's decision this week regarding interest rates. The impact on demand from the overstocking in pre-painted galvanized…
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