Turkish long steel export markets continued to struggle with poor demand and increasing production costs over the past week, sources said on Thursday October 11.
Starting with the lira crisis in Turkey, the annual inflation rate rose to 24.52% in September, up from 17.9% in August, with energy prices in the country having increased by around 50% so far this year. In addition, the tight supply and strong demand from Southeast Asia has been pushing the scrap price up in recent weeks, which increased mills' production costs, Fastmarkets was told."With the latest increase in...