Turkish rebar and wire rod export demand was still sluggish over the week to Thursday January 13, and mills in the country were wrestling with increasing steelmaking costs, market sources said.
Electricity prices in Turkey have increased by around 127%, and natural gas prices have increased by 50% for industrial use, with effect from January 1.
The country also raised its minimum wage by 50.4%, again with effect from January 1. But on January 12 the Turkish Employers’ Association of Metal Industries (MESS) and the Turkish metal...