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03 Mar
10:15

Turkish capacity utilisation remains low amid export contraction

Turkish steel capacity utilisation rate fell to 56.6% in January. Because the energy price reduction that month did not reflect fully in costs, exports contracted faster, by 42%, on considerably weakened competitiveness. “Depending on the continuation of the decrease in energy prices in the coming months and the implementation of taxes as of 1 April, it is expected that the sector will improve both in production and exports and, at the same time, maximise it…
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