Decent demand provides support for local structural steel prices in Turkey

According to market sources, prices in the local Turkish structural steel market have increased by TRY 20-50/mt during the past week depending on the region. Local prices on Turkish lira basis have remained firm against the backdrop of the increased strength of the US dollar against the Turkish lira, while decent demand in the local market has provided support for the uptrend of structural steel prices. On the other hand, market sources state that in some regions tightness of supply for some dimensions is sometimes observed.