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26 Oct
18:31

Challenges persist in Turkey's flat steel market

The flat steel market in Turkey has continued to decline due to the country's economic constraints, resulting in low business activity, market participants inform Kallanish. For most of last week, market participants were anticipating an interest rate decision from Turkey's central bank. On Thursday, in line with expectations, the bank increased the policy rate from 30% to 35%, marking the third consecutive month of aggressive tightening as it intensifies …
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