28
May
14:45
Turkish production cuts inevitable, says Navigate's Widnell
The Turkish government will maintain tight fiscal and monetary policy, reduced government spending and higher interest rates for longer, Atilla Widnell from Navigate Commodities said at Tuesday’s Bureau of International Recycling (BIR) Ferrous Division meeting in Copenhagen.
“For Turkish mills, there is only one outcome, but two ways to get there,” Widnell noted at the event attended by Kallanish.
“They will either accept elevated ferrous …
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Very good overview of the weekly steel market.
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