TURKEY FLAT STEEL: Prices keep falling while country moves to 'secure borders'

October 12, 2019 / www.metalbulletin.com / Article Link

Turkish prices for hot-rolled and cold-rolled coil (HRC, CRC) have continued to fall over the past week on low demand, sources told Fastmarkets on Friday October 11.

The uncertainty in the market persisted after Turkey started a military operation in Syria.On October 9, Turkey launched "Operation Peace Spring" in the area east of the Euphrates River in northern Syria, intended to secure its own borders, after the US Army pulled back from the region.And on Thursday, the head of the Turkish parliament's foreign affairs committee said that the plan was to "form a safe zone" and to "eliminate the terror groups" in the region.But US Secretary of State Mike...

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