This year has started much like the last finished for Turkish steelmakers. Rebar export demand remains tepid and the staggeringly weak lira has inflated domestic prices at the expense of business.
Posts tagged ‘Turkey’
December 21, 2016 05:01 UTC
The year started poorly for Russia, but it has certainly ended well.
In January, the price of oil was moldering — below $30/b on occasion. Given Russia’s dependence on oil and gas revenue, the budgetary outlook was bleak. Hillary Clinton was going to be elected as the next president of the United States. Sanctions against Russia, imposed over its role in the Ukraine conflict, would continue, and the EU would further frustrate Russian plans for major new gas pipelines and its goal of a total Ukrainian bypass.
October 25, 2016 05:01 UTC
Moving toward the brink of war is about as serious as a geopolitical relationship can get — and that is where Moscow and Ankara found themselves after NATO member Turkey shot down a Russian fighter jet on the border with Syria on November 24 last year.
July 21, 2016 05:01 UTC
A failed coup attempt launched late last Friday by a wing of the Turkish army has had little impact on the polymer market. So far, Turkey’s petrochemicals sector has not been ruffled by the recent coup attempt and production levels are unaffected according to sources at Turkey’s largest plastics producer Petkim.