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09 Mar

Turkish HRC prices plateau

Turkey’s hot rolled coil prices appear to have hit a plateau, as new offers rose to the highest levels since the end of spring 2022, and lead times extended to over three months, Kallanish observes. Additionally, the series of government meetings led to several concessional measures for steelmakers and re-rollers, including lower VAT and an extended internal duty-free processing regime. This, coupled with lowered tariffs for gas and power, has eased pressure…
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