01
Sep
15:49
Turkish economic performance supports steel demand
The Turkish economy performed better than expected in the second quarter, contracting only -9.9% on-year. Due to the pandemic that had the most impact in April and May, however, the economy contracted by -11% on-quarter.
“This is the sharpest ever quarterly drop since the start of the GDP series in 1998, and was mainly driven by record falls in private consumption and collapse in exports with pandemic-related restrictions,” ING Bank says in a report s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous