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22 Jun
16:09

Turkey’s flat steel market little-changed after rate hike

Turkey's domestic flat steel market remained largely stable during the week ended 22 June, with market participants in holiday mode ahead of the Eid next week, they informed Kallanish. Turkey's central bank raised interest rates on Thursday for the first time since March 2021, following a prolonged period of lowering the rates, which led to high inflation in the country. The latest policy change has resulted in a sharp currency devaluation. The impact…
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