Sales slowed down at Turkey's steel mills, which had been selling heavily last week. While scrap demand among manufacturers is decreasing this week, suppliers predict that the increase in prices will continue. Export prospects in steel mills have weakened, the target has completely turned to the domestic market. While the price offers continued at the $780 level, Traders who increased the stock level started to turn to selling.
Purchases have not yet started for the 4 million tons of rebar that Turkey will need for the earthquake zone. Downward yawns in prices may be felt with the sales competition in the trader whose stock level is increasing.
On the other hand, Botaş further reduced its natural gas prices for industrial use by 20.95-26.12%, effective from March, following a 13.3-17.22% discount in February.
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