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22 Sep

Turkish rebar prices rebound on financial, political issues

Turkish rebar producers increased their quotes sharply on Thursday following financial and political developments on Wednesday. Buyers initiated rebar purchases in Turkey’s domestic market. This came after Russian President Vladimir Putin’s announcement of partial mobilisation, the weakening of the lira against the dollar due to the US Fed’s expected loan rate hike, and expectations of a decrease in Turkish loan rates. Kardemir, which opened bil…
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Burcak Alpman  |  Turkey
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