Turkish steel plate market cautiously responds to tepid market demand
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Update time : 2023-09-05 15:34:20
The Turkish Central Bank announced a significant increase in the benchmark interest rate from 17.5% to 25%. Some market participants analyzed that loan interest rates will also rise accordingly.
The transactions of the main overseas markets are still light during the holiday period. Most buyers are worried about insufficient cash flow and remain sitting on the fence.
In addition, August 30 is a traditional Turkish holiday, and orders from steel mills were generally insufficient, with poor transactions.
